Natixis Advisors LLC reduced its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,598 shares of the company's stock after selling 23,439 shares during the period. Natixis Advisors LLC owned about 0.51% of Papa Johns International worth $6,842,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of PZZA. Wilmington Savings Fund Society FSB boosted its position in shares of Papa Johns International by 300.0% during 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 during the period. Atlas Brown Inc. boosted its holdings in shares of Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock valued at $429,000 after buying an additional 546 shares in the last quarter. KBC Group NV boosted its position in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company's stock worth $273,000 after purchasing an additional 551 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after acquiring an additional 717 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Papa Johns International by 15.8% in the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock worth $223,000 after buying an additional 740 shares during the last quarter.
Papa Johns International Stock Down 7.0 %
Shares of Papa Johns International stock traded down $3.04 during midday trading on Tuesday, hitting $40.58. The company's stock had a trading volume of 1,565,534 shares, compared to its average volume of 1,180,699. The firm has a market capitalization of $1.33 billion, a P/E ratio of 14.14, a PEG ratio of 2.41 and a beta of 1.16. The stock has a 50-day simple moving average of $43.30 and a 200-day simple moving average of $46.59. Papa Johns International, Inc. has a 1-year low of $35.28 and a 1-year high of $68.66.
Papa Johns International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.53%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio is currently 73.02%.
Analyst Upgrades and Downgrades
PZZA has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Northcoast Research upgraded Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. UBS Group decreased their target price 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. Loop Capital dropped their price target on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their price objective 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $55.67.
Read Our Latest Research Report on PZZA
Papa Johns International Company Profile
(
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.
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