13,508 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Bought by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,508 shares of the company's stock, valued at approximately $555,000.

A number of other hedge funds have also bought and sold shares of PZZA. Bryce Point Capital LLC bought a new stake in shares of Papa Johns International during the 4th quarter worth $568,000. Headlands Technologies LLC increased its holdings in Papa Johns International by 106.5% during the fourth quarter. Headlands Technologies LLC now owns 15,926 shares of the company's stock worth $654,000 after buying an additional 8,213 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Papa Johns International during the fourth quarter worth about $164,000. Wellington Management Group LLP raised its position in Papa Johns International by 31.8% in the fourth quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock worth $15,923,000 after acquiring an additional 93,561 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in Papa Johns International in the fourth quarter valued at about $30,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PZZA shares. Stifel Nicolaus decreased their price target on shares of Papa Johns International from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 26th. Northcoast Research raised Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. 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. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Finally, Jefferies Financial Group lowered their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.25.

Papa Johns International Price Performance

NASDAQ:PZZA traded up $1.72 during trading hours on Wednesday, hitting $33.86. The stock had a trading volume of 2,227,880 shares, compared to its average volume of 1,229,663. The company has a 50 day simple moving average of $43.25 and a two-hundred day simple moving average of $45.48. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a one year low of $30.77 and a one year high of $64.67.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's dividend payout ratio is 73.02%.

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.