Papa Johns International (NASDAQ:PZZA) Trading Up 5.6% - What's Next?

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) shot up 5.6% on Monday . The stock traded as high as $45.69 and last traded at $45.77. 143,847 shares traded hands during trading, a decline of 91% from the average session volume of 1,691,282 shares. The stock had previously closed at $43.36.

Analyst Ratings Changes

PZZA has been the subject of several analyst reports. UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Loop Capital cut 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. Northcoast Research upgraded Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Finally, 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. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Papa Johns International currently has a consensus rating of "Hold" and a consensus target price of $55.67.

Papa Johns International Stock Performance

The firm's 50-day moving average is $43.02 and its 200 day moving average is $46.66. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Remove Ads

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.11%. Papa Johns International's dividend payout ratio (DPR) is presently 73.02%.

Hedge Funds Weigh In On Papa Johns International

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Papa Johns International by 14.3% during 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 acquiring 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 fourth quarter. Westwood Holdings Group Inc. now owns 1,117,238 shares of the company's stock valued at $45,885,000 after purchasing an additional 85,236 shares in the last quarter. Twinbeech Capital LP acquired a new stake in Papa Johns International in the fourth quarter worth approximately $2,988,000. Two Sigma Investments LP grew its stake in shares of Papa Johns International by 247.0% in the 4th quarter. Two Sigma Investments LP now owns 163,720 shares of the company's stock worth $6,724,000 after purchasing an additional 116,538 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Papa Johns International during the fourth quarter valued at $87,000.

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.