Papa Johns International (NASDAQ:PZZA) Trading Down 2.3% - Here's Why

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) traded down 2.3% during trading on Monday . The stock traded as low as $31.05 and last traded at $31.13. 297,416 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,230,293 shares. The stock had previously closed at $31.87.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PZZA shares. Loop Capital cut their target price on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their target price on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday. UBS Group cut their price target on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Northcoast Research upgraded Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group lowered their price target 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International presently has an average rating of "Hold" and a consensus price target of $55.08.

Papa Johns International Price Performance

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 2.41 and a beta of 1.25. The business's 50-day moving average price is $42.32 and its 200 day moving average price is $44.68.

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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Monday, February 10th. Papa Johns International's payout ratio is 73.02%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Irth Capital Management LP acquired a new position in Papa Johns International during the 4th quarter valued at about $66,883,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Papa Johns International by 117.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock valued at $45,933,000 after buying an additional 603,650 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Papa Johns International during the fourth quarter worth approximately $17,328,000. Segall Bryant & Hamill LLC boosted its position in shares of Papa Johns International by 131.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock worth $23,670,000 after buying an additional 327,300 shares during the period. Finally, Boothbay Fund Management LLC grew its holdings in Papa Johns International by 124.8% in the 4th quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock worth $22,206,000 after buying an additional 300,138 shares in 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.