Papa Johns International (NASDAQ:PZZA) Hits New 52-Week Low - What's Next?

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $34.03 and last traded at $34.44, with a volume of 55159 shares trading hands. The stock had previously closed at $36.33.

Analysts Set New Price Targets

A number of research firms recently issued reports on PZZA. UBS Group cut their price target on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Northcoast Research raised Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Stifel Nicolaus decreased their price objective on Papa Johns International from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 26th. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, February 28th. Finally, Jefferies Financial Group decreased their target price 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Papa Johns International has an average rating of "Hold" and a consensus price target of $55.25.

Papa Johns International Stock Performance

The firm has a fifty day moving average price of $42.95 and a 200 day moving average price of $45.23. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 2.41 and a beta of 1.25.

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Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio is currently 73.02%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PZZA. Earnest Partners LLC grew its holdings in Papa Johns International by 1.1% during the fourth quarter. Earnest Partners LLC now owns 2,589,991 shares of the company's stock worth $106,371,000 after purchasing an additional 27,912 shares during the period. Irth Capital Management LP acquired a new stake in shares of Papa Johns International in the fourth quarter valued at approximately $66,883,000. Sei Investments Co. boosted its stake in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after acquiring an additional 102,128 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of Papa Johns International by 14.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company's stock worth $55,812,000 after acquiring an additional 173,316 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Papa Johns International by 6.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after acquiring an additional 64,972 shares during the period.

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.