Isthmus Partners LLC grew its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 99.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,411 shares of the company's stock after acquiring an additional 35,652 shares during the period. Isthmus Partners LLC owned 0.22% of Papa Johns International worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Irth Capital Management LP bought a new position in Papa Johns International in the 4th quarter worth approximately $66,883,000. Stephens Investment Management Group LLC increased its stake in shares of Papa Johns International by 6.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after buying an additional 64,972 shares during the period. Bank of New York Mellon Corp raised its position in shares of Papa Johns International by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company's stock worth $16,011,000 after acquiring an additional 59,404 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Papa Johns International by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company's stock valued at $15,766,000 after acquiring an additional 5,216 shares during the period. Finally, Wellington Management Group LLP bought a new position in Papa Johns International in the third quarter valued at about $15,845,000.
Papa Johns International Price Performance
Shares of Papa Johns International stock opened at $47.99 on Monday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. The stock's 50-day moving average is $42.15 and its 200-day moving average is $46.76. Papa Johns International, Inc. has a one year low of $35.28 and a one year high of $72.88.
Papa Johns International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio (DPR) is currently 73.02%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Northcoast Research raised Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Jefferies Financial Group reduced their price objective on shares of 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. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a report on Friday, February 28th. Loop Capital cut their price target on 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. Finally, Stephens reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $55.67.
Read Our Latest Stock Report on PZZA
About Papa Johns International
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa Johns International, Inc. (NASDAQ:PZZA - Free Report).
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