Avantax Advisory Services Inc. Has $599,000 Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Avantax Advisory Services Inc. lowered its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,584 shares of the company's stock after selling 7,005 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Papa Johns International were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PZZA. Irth Capital Management LP bought a new position in shares of Papa Johns International in the fourth quarter valued at approximately $66,883,000. Stephens Investment Management Group LLC boosted its holdings in Papa Johns International by 6.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after purchasing an additional 64,972 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Papa Johns International by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company's stock worth $16,011,000 after buying an additional 59,404 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Papa Johns International by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company's stock valued at $15,766,000 after buying an additional 5,216 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Papa Johns International in the third quarter valued at $15,845,000.

Remove Ads

Wall Street Analyst Weigh In

A number of research firms have commented on PZZA. Stephens restated an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Stifel Nicolaus decreased their price target on Papa Johns International from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday. Loop Capital cut their price objective on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Northcoast Research upgraded Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $55.25.

Papa Johns International Stock Up 0.5 %

NASDAQ PZZA traded up $0.21 on Wednesday, reaching $40.79. The company had a trading volume of 1,269,165 shares, compared to its average volume of 1,185,748. Papa Johns International, Inc. has a 52 week low of $35.28 and a 52 week high of $68.66. The stock's 50 day moving average is $43.35 and its 200-day moving average is $46.54. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.51%. Papa Johns International's dividend payout ratio (DPR) is presently 73.02%.

Papa Johns International Company Profile

Papa John's International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.