FIL Ltd Sells 668,853 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

FIL Ltd reduced its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 62.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 406,147 shares of the company's stock after selling 668,853 shares during the quarter. FIL Ltd owned approximately 1.24% of Papa Johns International worth $16,680,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB lifted its stake 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 valued at $25,000 after buying an additional 450 shares in the last quarter. Atlas Brown Inc. boosted its holdings in shares of Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock worth $429,000 after acquiring an additional 546 shares during the period. KBC Group NV grew its position in shares of Papa Johns International by 9.1% in the fourth quarter. KBC Group NV now owns 6,639 shares of the company's stock valued at $273,000 after purchasing an additional 551 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after purchasing an additional 717 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Papa Johns International by 15.8% during the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock worth $223,000 after purchasing an additional 740 shares in the last quarter.

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Analysts Set New Price Targets

PZZA has been the topic of several analyst reports. Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Loop Capital cut their price target on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. 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. Stifel Nicolaus reduced their target price on Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.08.

Papa Johns International Trading Up 1.9 %

Shares of PZZA stock traded up $0.59 during trading hours on Wednesday, hitting $31.04. 1,006,743 shares of the company's stock were exchanged, compared to its average volume of 1,234,921. Papa Johns International, Inc. has a 12-month low of $30.20 and a 12-month high of $64.67. The company has a market capitalization of $1.02 billion, a PE ratio of 10.82, a PEG ratio of 2.41 and a beta of 1.25. The business's 50 day simple moving average is $42.61 and its 200-day simple moving average is $44.93.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 5.93%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio (DPR) is 73.02%.

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.