Brokerages Set Papa Johns International, Inc. (NASDAQ:PZZA) Price Target at $55.25

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $55.25.

PZZA has been the subject of a number of research reports. Loop Capital decreased their target price on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Wedbush restated an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Northcoast Research raised Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. Jefferies Financial Group reduced their price target on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Finally, Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Thursday, February 27th.

Hedge Funds Weigh In On Papa Johns International

Hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in 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 in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Papa Johns International during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp grew its stake in shares of Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Papa Johns International in the 4th quarter worth approximately $58,000. Finally, State of Wyoming bought a new stake in shares of Papa Johns International in the 4th quarter worth approximately $87,000.

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Papa Johns International Stock Performance

Shares of NASDAQ PZZA traded up $0.30 during midday trading on Friday, hitting $41.87. The company's stock had a trading volume of 767,013 shares, compared to its average volume of 1,210,234. Papa Johns International has a 1-year low of $35.28 and a 1-year high of $66.81. The firm's fifty day moving average price is $43.86 and its 200-day moving average price is $46.24. The firm has a market cap of $1.37 billion, a P/E ratio of 14.59, a P/E/G ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.39%. Papa Johns International's payout ratio 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.