Penn Capital Management Company LLC Makes New $1.79 Million Investment in Papa Johns International, Inc. (NASDAQ:PZZA)

Penn Capital Management Company LLC acquired a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,460 shares of the company's stock, valued at approximately $1,785,000. Penn Capital Management Company LLC owned approximately 0.13% of Papa Johns International at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Irth Capital Management LP bought a new stake in Papa Johns International during the fourth quarter valued at $66,883,000. Moody National Bank Trust Division grew its holdings in shares of Papa Johns International by 142.3% during the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock worth $930,000 after purchasing an additional 13,297 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Papa Johns International during the fourth quarter worth about $559,000. Raymond James Financial Inc. bought a new position in shares of Papa Johns International in the fourth quarter worth approximately $5,647,000. Finally, Sei Investments Co. raised its stake in Papa Johns International by 7.3% in the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after purchasing an additional 102,128 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on PZZA. Benchmark cut their price target on shares of Papa Johns International from $65.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, April 21st. UBS Group cut their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Stephens restated an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Jefferies Financial Group dropped their price target 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. Finally, Stifel Nicolaus decreased their price objective on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.00.

Papa Johns International Price Performance

Papa Johns International stock traded up $0.29 during trading hours on Friday, reaching $33.48. The company had a trading volume of 764,414 shares, compared to its average volume of 1,248,216. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a 12-month low of $30.16 and a 12-month high of $64.06. The company has a 50-day moving average price of $40.47 and a 200 day moving average price of $43.85.

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.