Papa Johns International (NASDAQ:PZZA) Stock Price Up 3.8% - Here's Why

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report)'s share price was up 3.8% during mid-day trading on Monday . The stock traded as high as $41.26 and last traded at $41.37. Approximately 655,673 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,210,864 shares. The stock had previously closed at $39.84.

Analysts Set New Price Targets

PZZA has been the subject of a number of recent analyst reports. Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Stifel Nicolaus lowered their price objective on shares of 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. Loop Capital dropped 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 report on Tuesday, January 21st. Wedbush restated an "outperform" rating and set a $60.00 price target on shares of Papa Johns International in a report on Friday, February 28th. Finally, Stephens reiterated an "overweight" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $55.25.

Papa Johns International Price Performance

The company has a 50 day moving average of $43.86 and a two-hundred day moving average of $46.24. The company has a market capitalization of $1.35 billion, a PE ratio of 14.60, a PEG ratio of 2.41 and a beta of 1.25.

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Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio is presently 73.02%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Irth Capital Management LP bought a new position in shares of Papa Johns International during the fourth quarter valued at approximately $66,883,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Papa Johns International by 117.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock worth $45,933,000 after buying an additional 603,650 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Papa Johns International in the 4th quarter worth approximately $17,328,000. Segall Bryant & Hamill LLC increased its position in Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock valued at $23,670,000 after buying an additional 327,300 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake in Papa Johns International by 124.8% during the fourth quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock valued at $22,206,000 after buying an additional 300,138 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.