Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) saw an uptick in trading volume on Thursday . 4,071,310 shares traded hands during mid-day trading, an increase of 145% from the previous session's volume of 1,660,423 shares.The stock last traded at $52.18 and had previously closed at $43.31.
Analyst Ratings Changes
A number of brokerages recently issued reports on PZZA. Jefferies Financial Group dropped their price objective 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. Loop Capital lowered their target price on shares of 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. Stephens reaffirmed an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a research note on Friday. Wedbush reaffirmed an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research note on Wednesday, January 15th. Finally, KeyCorp lowered shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $55.67.
Check Out Our Latest Stock Report on PZZA
Papa Johns International Trading Down 4.4 %
The business's fifty day moving average price is $40.67 and its 200 day moving average price is $46.50. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.94 and a beta of 1.19.
Papa Johns International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a yield of 3.75%. Papa Johns International's dividend payout ratio (DPR) is 64.11%.
Institutional Investors Weigh In On Papa Johns International
Several institutional investors have recently made changes to their positions in the stock. Irth Capital Management LP acquired a new position in shares of Papa Johns International during the 4th quarter worth $66,883,000. Moody National Bank Trust Division raised its stake in shares of Papa Johns International by 142.3% during the 4th quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock worth $930,000 after buying an additional 13,297 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Papa Johns International by 85.9% during the 3rd quarter. Natixis Advisors LLC now owns 190,037 shares of the company's stock worth $10,237,000 after buying an additional 87,801 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Papa Johns International by 19.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company's stock worth $58,812,000 after buying an additional 176,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Papa Johns International by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company's stock worth $20,399,000 after buying an additional 28,883 shares during the last quarter.
About Papa Johns International
(
Get 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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