Papa Johns International (NASDAQ:PZZA) Price Target Cut to $38.00 by Analysts at Stifel Nicolaus

Papa Johns International (NASDAQ:PZZA - Free Report) had its target price trimmed by Stifel Nicolaus from $40.00 to $38.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

PZZA has been the topic of several other research reports. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, February 28th. Jefferies Financial Group reduced their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Northcoast Research raised Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Stephens reiterated an "overweight" rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, UBS Group decreased 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 report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $55.08.

Papa Johns International Stock Performance

Papa Johns International stock traded up $0.12 during midday trading on Tuesday, hitting $31.16. 805,044 shares of the company's stock were exchanged, compared to its average volume of 1,240,037. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Papa Johns International has a 12-month low of $30.20 and a 12-month high of $64.67. The firm's 50 day simple moving average is $42.32 and its 200 day simple moving average is $44.68.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given 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 dividend yield of 5.91%. Papa Johns International's dividend payout ratio is currently 73.02%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds have recently bought and sold shares of the stock. Irth Capital Management LP acquired a new stake in shares of Papa Johns International during the fourth quarter valued at $66,883,000. Moody National Bank Trust Division lifted its holdings in 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 purchasing an additional 13,297 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Papa Johns International during the 4th quarter worth about $559,000. Raymond James Financial Inc. purchased a new stake in shares of Papa Johns International during the fourth quarter worth about $5,647,000. Finally, Sei Investments Co. raised its position in shares of Papa Johns International by 7.3% in the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after buying an additional 102,128 shares during the last quarter.

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.