Bank of Montreal Can Trims Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Bank of Montreal Can lowered its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 91.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,297 shares of the company's stock after selling 83,213 shares during the period. Bank of Montreal Can's holdings in Papa Johns International were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB lifted its stake in shares of Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Papa Johns International in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Papa Johns International in the fourth quarter valued at approximately $58,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Papa Johns International in the fourth quarter valued at approximately $164,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PZZA shares. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. UBS Group decreased their price target 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. Wedbush restated an "outperform" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $53.00.

Papa Johns International Trading Up 0.9 %

PZZA stock traded up $0.29 during trading on Friday, hitting $33.48. 764,414 shares of the company's stock were exchanged, compared to its average volume of 1,248,216. The business has a 50-day moving average price of $40.47 and a two-hundred day moving average price of $43.85. Papa Johns International, Inc. has a 52-week low of $30.16 and a 52-week high of $64.06. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25.

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.