New York State Common Retirement Fund increased its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,996 shares of the company's stock after acquiring an additional 8,134 shares during the quarter. New York State Common Retirement Fund owned approximately 0.42% of Papa Johns International worth $5,626,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its position 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 purchasing an additional 450 shares during the last quarter. Signaturefd LLC grew its holdings in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after buying an additional 259 shares during the last quarter. US Bancorp DE raised its stake in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock valued at $72,000 after purchasing an additional 922 shares during the last quarter. Nwam LLC acquired a new stake in shares of Papa Johns International during the 3rd quarter worth approximately $210,000. Finally, MML Investors Services LLC acquired a new position in shares of Papa Johns International in the 3rd quarter valued at $266,000.
Analyst Ratings Changes
A number of research analysts have issued reports on PZZA shares. UBS Group reduced 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 research note on Tuesday, January 7th. Stephens reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday. Wedbush restated an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday. Loop Capital dropped their price objective 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, KeyCorp downgraded shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.67.
View Our Latest Research Report on Papa Johns International
Papa Johns International Stock Performance
PZZA stock traded down $0.47 during midday trading on Monday, reaching $44.88. 700,719 shares of the company's stock traded hands, compared to its average volume of 1,844,766. The company has a 50-day moving average price of $41.53 and a two-hundred day moving average price of $46.77. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. Papa Johns International, Inc. has a 52 week low of $35.28 and a 52 week high of $72.88.
Papa Johns International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's dividend payout ratio is 64.11%.
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.
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