Russell Investments Group Ltd. lowered its holdings in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,824 shares of the company's stock after selling 13,127 shares during the period. Russell Investments Group Ltd. owned approximately 1.00% of Papa Johns International worth $13,423,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of Papa Johns International during the fourth quarter valued at about $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after buying an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Papa Johns International during the fourth quarter valued at approximately $58,000. Finally, Meeder Asset Management Inc. bought a new stake in Papa Johns International during the 4th quarter worth approximately $164,000.
Analysts Set New Price Targets
PZZA has been the topic of several research analyst reports. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Jefferies Financial Group dropped their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Stephens reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Finally, UBS Group lowered their price target on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Seven investment 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 has a consensus rating of "Hold" and an average price target of $55.08.
View Our Latest Stock Analysis on Papa Johns International
Papa Johns International Trading Up 2.5 %
Papa Johns International stock traded up $0.75 during mid-day trading on Wednesday, hitting $31.20. The company had a trading volume of 207,115 shares, compared to its average volume of 1,231,890. Papa Johns International, Inc. has a 12 month low of $30.20 and a 12 month high of $64.67. The company has a market capitalization of $1.02 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The stock's 50 day moving average price is $42.61 and its two-hundred day moving average price is $44.93.
Papa Johns International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 5.90%. Papa Johns International's dividend payout ratio (DPR) is presently 73.02%.
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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