EntryPoint Capital LLC Takes Position in Papa Johns International, Inc. (NASDAQ:PZZA)

EntryPoint Capital LLC bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,792 shares of the company's stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Irth Capital Management LP bought a new position in shares of Papa Johns International during the 4th quarter valued at about $66,883,000. Segall Bryant & Hamill LLC boosted its position in shares of Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock valued at $23,670,000 after acquiring an additional 327,300 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Papa Johns International in the third quarter valued at $15,845,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Papa Johns International during the third quarter valued at $7,870,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Papa Johns International in the 4th quarter worth about $5,647,000.

Papa Johns International Stock Up 2.0 %

PZZA stock traded up $0.78 during trading on Monday, hitting $40.62. The company had a trading volume of 350,033 shares, compared to its average volume of 1,209,833. Papa Johns International, Inc. has a 52-week low of $35.28 and a 52-week high of $68.66. The company has a 50 day simple moving average of $43.60 and a 200-day simple moving average of $46.38. The firm has a market capitalization of $1.33 billion, a P/E ratio of 14.11, a PEG ratio of 2.41 and a beta of 1.16.

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Papa Johns International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on PZZA shares. Jefferies Financial Group dropped their price target 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. UBS Group dropped their target price on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price objective 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Papa Johns International currently has an average rating of "Hold" and an average target price of $55.25.

About Papa Johns International

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.