Bridgewater Associates LP Lowers Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Bridgewater Associates LP lowered its holdings in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,998 shares of the company's stock after selling 14,956 shares during the quarter. Bridgewater Associates LP's holdings in Papa Johns International were worth $246,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its holdings in Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Papa Johns International in the 4th quarter worth about $30,000. Jones Financial Companies Lllp boosted its stake 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 valued at $56,000 after purchasing an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Papa Johns International during the fourth quarter valued at about $58,000. Finally, Meeder Asset Management Inc. bought a new position in Papa Johns International in the fourth quarter worth about $164,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PZZA shares. Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. Jefferies Financial Group lowered their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Benchmark dropped their target price on shares of Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Northcoast Research upgraded shares of 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 issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $53.00.

Papa Johns International Price Performance

Shares of PZZA stock traded up $0.29 on Friday, hitting $33.48. 764,414 shares of the stock traded hands, compared to its average volume of 1,245,431. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. The firm has a 50 day simple moving average of $40.47 and a two-hundred day simple moving average of $43.88. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $64.15.

Papa Johns International 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.