Jennison Associates LLC Invests $1.11 Million in Papa Johns International, Inc. (NASDAQ:PZZA)

Jennison Associates LLC bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,135 shares of the company's stock, valued at approximately $1,114,000. Jennison Associates LLC owned approximately 0.08% of Papa Johns International as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PZZA. Signaturefd LLC increased its position in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the third quarter worth $42,000. US Bancorp DE increased its holdings in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock valued at $72,000 after buying an additional 922 shares during the period. CWM LLC raised its stake in shares of Papa Johns International by 27.5% in the 3rd quarter. CWM LLC now owns 1,690 shares of the company's stock valued at $91,000 after buying an additional 365 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Papa Johns International in the 3rd quarter valued at $156,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PZZA shares. Jefferies Financial Group decreased their target price on shares of 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. Bank of America upped their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. KeyCorp downgraded Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. UBS Group lowered their price target 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. Finally, Wedbush reissued an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a report on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $55.83.

Papa Johns International Stock Up 1.6 %

NASDAQ:PZZA traded up $0.59 during mid-day trading on Monday, reaching $38.64. 1,297,921 shares of the company were exchanged, compared to its average volume of 1,468,993. The stock has a market cap of $1.26 billion, a PE ratio of 13.46, a PEG ratio of 1.94 and a beta of 1.19. Papa Johns International, Inc. has a 12 month low of $35.28 and a 12 month high of $76.91. The company has a fifty day moving average of $40.89 and a 200 day moving average of $46.36.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million for the quarter, compared to analysts' expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities research analysts anticipate that Papa Johns International, Inc. will post 2.19 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a $0.46 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a yield of 4.76%. Papa Johns International's payout ratio is 64.11%.

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.