Papa Johns International (NASDAQ:PZZA) Stock Price Down 5.8% - Here's What Happened

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) dropped 5.8% during mid-day trading on Tuesday . The stock traded as low as $45.76 and last traded at $46.12. Approximately 497,060 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 1,753,567 shares. The stock had previously closed at $48.97.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PZZA. Loop Capital dropped their price target 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. Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, February 27th. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Jefferies Financial Group lowered 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 research report on Wednesday, January 15th. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International presently has an average rating of "Hold" and a consensus target price of $55.67.

Papa Johns International Stock Down 2.0 %

The business has a 50 day moving average price of $42.49 and a two-hundred day moving average price of $46.77. The stock has a market cap of $1.41 billion, a P/E ratio of 15.08, 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.27%. Papa Johns International's dividend payout ratio is currently 73.02%.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors and hedge funds have recently made changes to their positions in PZZA. Wilmington Savings Fund Society FSB grew its position in 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 in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Papa Johns International in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp increased its position in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after purchasing an additional 717 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Papa Johns International during the 4th quarter valued at $58,000. Finally, US Bancorp DE lifted its position in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after buying an additional 922 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.