Savoir Faire Capital Management L.P. Acquires 36,780 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Savoir Faire Capital Management L.P. raised its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 43.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,087 shares of the company's stock after purchasing an additional 36,780 shares during the quarter. Papa Johns International makes up approximately 2.4% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 17th largest holding. Savoir Faire Capital Management L.P. owned approximately 0.37% of Papa Johns International worth $5,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its position in shares of Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares during the period. Atlas Brown Inc. boosted its position in Papa Johns International by 5.5% during the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock valued at $429,000 after acquiring an additional 546 shares during the last quarter. KBC Group NV raised its position in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company's stock worth $273,000 after acquiring an additional 551 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after purchasing an additional 717 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Papa Johns International by 15.8% during the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock valued at $223,000 after purchasing an additional 740 shares in the last quarter.

Remove Ads

Papa Johns International Price Performance

Shares of NASDAQ PZZA traded down $1.07 during trading on Wednesday, hitting $31.07. The stock had a trading volume of 590,331 shares, compared to its average volume of 1,221,704. The firm has a fifty day moving average of $43.47 and a two-hundred day moving average of $45.68. The company has a market capitalization of $1.02 billion, a PE ratio of 10.86, a PEG ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a 12 month low of $31.00 and a 12 month high of $64.67.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's payout ratio is 73.02%.

Wall Street Analyst Weigh In

Several analysts have recently commented on PZZA shares. Stifel Nicolaus reduced their price objective on shares of Papa Johns International from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 26th. Loop Capital dropped their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. UBS Group reduced their target price 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. Jefferies Financial Group dropped their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. Finally, Northcoast Research raised Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Papa Johns International currently has a consensus rating of "Hold" and a consensus price target of $55.25.

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.