Norges Bank Buys New Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Norges Bank purchased a new position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,892 shares of the company's stock, valued at approximately $324,000.

Other institutional investors have also made changes to their positions in the company. Irth Capital Management LP acquired a new position in Papa Johns International in the fourth quarter valued at about $66,883,000. Moody National Bank Trust Division raised its position in shares of Papa Johns International by 142.3% in the 4th quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock valued at $930,000 after acquiring an additional 13,297 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Papa Johns International in the 4th quarter valued at approximately $559,000. Raymond James Financial Inc. bought a new position in Papa Johns International during the 4th quarter worth approximately $5,647,000. Finally, Sei Investments Co. grew its holdings in Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after purchasing an additional 102,128 shares during the period.

Analyst Ratings Changes

PZZA has been the topic of several analyst reports. UBS Group cut their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group reduced their target price 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. Wedbush reaffirmed an "outperform" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Stifel Nicolaus decreased their price objective 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, Stephens restated an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Papa Johns International presently has an average rating of "Hold" and an average price target of $55.08.

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Papa Johns International Stock Up 2.0 %

Shares of NASDAQ:PZZA traded up $0.60 during midday trading on Wednesday, reaching $31.05. The company had a trading volume of 524,478 shares, compared to its average volume of 1,233,218. The business's 50 day moving average price is $42.61 and its 200 day moving average price is $44.93. Papa Johns International, Inc. has a 1-year low of $30.20 and a 1-year high of $64.67. The stock has a market cap of $1.02 billion, a PE ratio of 10.82, a P/E/G ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.46 dividend. 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 payout ratio is presently 73.02%.

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.