Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report)'s stock price fell 5.5% during trading on Wednesday . The company traded as low as $46.88 and last traded at $47.05. 831,675 shares traded hands during trading, a decline of 55% from the average session volume of 1,863,052 shares. The stock had previously closed at $49.81.
Wall Street Analyst Weigh In
PZZA has been the topic of several research analyst reports. KeyCorp lowered Papa Johns International from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. UBS Group reduced their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group decreased their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Stephens reiterated an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Thursday. Finally, Loop Capital lowered 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. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Papa Johns International has a consensus rating of "Hold" and an average price target of $55.67.
Read Our Latest Report on Papa Johns International
Papa Johns International Stock Performance
The business has a 50-day simple moving average of $41.53 and a two-hundred day simple moving average of $46.77. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.41 and a beta of 1.19.
Papa Johns International Announces Dividend
The company also recently disclosed 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 of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a yield of 4.06%. Papa Johns International's dividend payout ratio (DPR) is 64.11%.
Hedge Funds Weigh In On Papa Johns International
A number of large investors have recently bought and sold shares of the company. Earnest Partners LLC increased its stake in shares of Papa Johns International by 1.1% during the fourth quarter. Earnest Partners LLC now owns 2,589,991 shares of the company's stock worth $106,371,000 after acquiring an additional 27,912 shares during the period. River Road Asset Management LLC boosted its holdings in Papa Johns International by 88.1% in the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company's stock valued at $123,129,000 after purchasing an additional 1,070,485 shares in the last quarter. Irth Capital Management LP acquired a new position in Papa Johns International during the 4th quarter worth approximately $66,883,000. Sei Investments Co. raised its stake in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after buying an additional 102,128 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Papa Johns International by 14.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company's stock valued at $55,812,000 after buying an additional 173,316 shares during the period.
Papa Johns International Company Profile
(
Get Free Report)
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.
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