Papa Johns International (NASDAQ:PZZA) Shares Up 4.7% - What's Next?

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) traded up 4.7% during trading on Tuesday . The stock traded as high as $40.06 and last traded at $40.47. 277,132 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,420,834 shares. The stock had previously closed at $38.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America lifted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Jefferies Financial Group reduced their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Stephens reissued an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday. Loop Capital dropped their target price on Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $55.67.

Papa Johns International Stock Performance

The stock has a market capitalization of $1.60 billion, a PE ratio of 17.09, a PEG ratio of 1.94 and a beta of 1.19. The stock has a 50-day moving average price of $40.69 and a two-hundred day moving average price of $46.43.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.75%. Papa Johns International's payout ratio is currently 64.11%.

Institutional Trading of Papa Johns International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB raised its stake in Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the period. CIBC Private Wealth Group LLC bought a new stake in Papa Johns International during the 4th quarter valued at approximately $30,000. Signaturefd LLC raised its stake in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC bought a new stake in Papa Johns International during the 3rd quarter valued at approximately $42,000. Finally, Jones Financial Companies Lllp raised its stake in 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 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.