Papa Johns International, Inc. (NASDAQ:PZZA) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,952 shares of the company's stock after purchasing an additional 6,671 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Papa Johns International worth $737,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position in shares of Papa Johns International by 300.0% during the 4th 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. Jones Financial Companies Lllp lifted its stake in Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after acquiring an additional 717 shares during the period. AlphaQuest LLC bought a new position in Papa Johns International during the 4th quarter worth about $190,000. Nwam LLC purchased a new position in Papa Johns International during the 3rd quarter valued at about $210,000. Finally, Blue Trust Inc. raised its holdings in shares of Papa Johns International by 15.8% in the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock valued at $223,000 after purchasing an additional 740 shares in the last quarter.

Papa Johns International Stock Performance

PZZA stock traded down $3.04 during trading on Tuesday, reaching $40.58. The company had a trading volume of 1,565,490 shares, compared to its average volume of 1,180,699. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a twelve month low of $35.28 and a twelve month high of $68.66. The firm has a 50-day simple moving average of $43.30 and a 200-day simple moving average of $46.59.

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Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Monday, February 10th. Papa Johns International's payout ratio is 73.02%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Loop Capital dropped their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Stephens reiterated an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Jefferies Financial Group dropped their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Finally, UBS Group reduced their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $55.67.

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.