Raymond James Financial Inc. Invests $5.65 Million in Papa Johns International, Inc. (NASDAQ:PZZA)

Raymond James Financial Inc. bought a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 137,502 shares of the company's stock, valued at approximately $5,647,000. Raymond James Financial Inc. owned about 0.42% of Papa Johns International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Intech Investment Management LLC purchased a new position in Papa Johns International during the third quarter valued at approximately $411,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Papa Johns International by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company's stock valued at $20,399,000 after buying an additional 28,883 shares in the last quarter. Nwam LLC bought a new position in Papa Johns International in the 3rd quarter worth $210,000. FMR LLC increased its stake in Papa Johns International by 89.2% in the 3rd quarter. FMR LLC now owns 6,150 shares of the company's stock worth $331,000 after buying an additional 2,900 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Papa Johns International by 19.8% during the third quarter. BNP Paribas Financial Markets now owns 22,130 shares of the company's stock valued at $1,192,000 after acquiring an additional 3,659 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PZZA. Jefferies Financial Group cut their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. UBS Group reduced their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Loop Capital dropped 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 research report on Tuesday, January 21st. Stifel Nicolaus reduced their price target on shares of Papa Johns International from $45.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Northcoast Research raised shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.25.

Remove Ads

Papa Johns International Stock Down 2.9 %

PZZA traded down $1.18 during trading on Friday, reaching $39.84. The company had a trading volume of 826,741 shares, compared to its average volume of 1,212,224. Papa Johns International, Inc. has a 52 week low of $35.28 and a 52 week high of $68.66. The stock has a market cap of $1.30 billion, a P/E ratio of 13.88, a PEG ratio of 2.41 and a beta of 1.16. The business has a 50 day simple moving average of $43.60 and a 200-day simple moving average of $46.41.

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.62%. Papa Johns International's payout ratio is 73.02%.

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.