Bryce Point Capital LLC Invests $568,000 in Papa Johns International, Inc. (NASDAQ:PZZA)

Bryce Point Capital LLC acquired a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 13,818 shares of the company's stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Papa Johns International by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company's stock worth $20,399,000 after acquiring an additional 28,883 shares in the last quarter. FMR LLC raised its position in Papa Johns International by 89.2% in the 3rd quarter. FMR LLC now owns 6,150 shares of the company's stock worth $331,000 after buying an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Papa Johns International by 19.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,130 shares of the company's stock valued at $1,192,000 after acquiring an additional 3,659 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Papa Johns International during the 3rd quarter valued at about $1,467,000. Finally, HighTower Advisors LLC boosted its holdings in Papa Johns International by 97.0% in the third quarter. HighTower Advisors LLC now owns 14,479 shares of the company's stock worth $780,000 after purchasing an additional 7,128 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on Papa Johns International from $45.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, March 26th. UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Loop Capital dropped their target price on shares of 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. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.25.

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Papa Johns International Price Performance

NASDAQ PZZA traded down $1.01 during trading on Tuesday, reaching $34.15. 504,373 shares of the company's stock traded hands, compared to its average volume of 1,216,843. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company's 50 day simple moving average is $43.75 and its two-hundred day simple moving average is $45.90. Papa Johns International, Inc. has a 12-month low of $33.68 and a 12-month high of $64.67.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's payout ratio is currently 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.