Envestnet Asset Management Inc. Sells 16,863 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Envestnet Asset Management Inc. trimmed its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,029 shares of the company's stock after selling 16,863 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.45% of Papa Johns International worth $6,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its stake in shares of 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 buying an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Papa Johns International in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp grew its holdings in Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares during the period. New Age Alpha Advisors LLC bought a new stake in Papa Johns International in the 4th quarter valued at $58,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Papa Johns International in the fourth quarter valued at $164,000.

Analysts Set New Price Targets

PZZA has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Northcoast Research upgraded Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research note on Friday, February 28th. Jefferies Financial Group reduced their price target on 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. Finally, Benchmark lowered their price objective on Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday. 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, the stock currently has a consensus rating of "Hold" and an average price target of $53.00.

Papa Johns International Price Performance

Shares of PZZA stock traded up $0.18 on Friday, hitting $33.37. 380,991 shares of the company's stock were exchanged, compared to its average volume of 1,241,335. The company has a 50 day moving average of $40.83 and a 200 day moving average of $43.99. Papa Johns International, Inc. has a 12 month low of $30.16 and a 12 month high of $64.15. The stock has a market cap of $1.09 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

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.