Papa Johns International (NASDAQ:PZZA) Stock Price Down 2.2% - Should You Sell?

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) were down 2.2% on Monday . The stock traded as low as $43.62 and last traded at $43.73. Approximately 203,297 shares changed hands during trading, a decline of 83% from the average daily volume of 1,174,879 shares. The stock had previously closed at $44.72.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Loop Capital lowered their price objective on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Papa Johns International from $45.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday. Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Jefferies Financial Group decreased their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Finally, Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Seven 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.com, the stock presently has a consensus rating of "Hold" and an average price target of $55.25.

Papa Johns International Stock Down 2.9 %

The stock has a fifty day moving average price of $43.60 and a 200-day moving average price of $46.40. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

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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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's dividend payout ratio (DPR) is 73.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PZZA. Wellington Management Group LLP raised its holdings in Papa Johns International by 31.8% during the fourth quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock worth $15,923,000 after purchasing an additional 93,561 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Papa Johns International by 14.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,056 shares of the company's stock valued at $2,549,000 after buying an additional 7,784 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Papa Johns International by 8.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,117,238 shares of the company's stock worth $45,885,000 after buying an additional 85,236 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Papa Johns International in the fourth quarter valued at approximately $2,988,000. Finally, Two Sigma Investments LP grew its holdings in Papa Johns International by 247.0% during the 4th quarter. Two Sigma Investments LP now owns 163,720 shares of the company's stock valued at $6,724,000 after buying an additional 116,538 shares during the last quarter.

About Papa Johns International

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.