Segall Bryant & Hamill LLC Acquires 327,300 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC lifted its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 131.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 576,329 shares of the company's stock after acquiring an additional 327,300 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.77% of Papa Johns International worth $23,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PZZA. Wilmington Savings Fund Society FSB raised its stake in Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the period. Jones Financial Companies Lllp raised its position in Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after buying an additional 717 shares during the period. AlphaQuest LLC acquired a new position in Papa Johns International during the fourth quarter valued at $190,000. Nwam LLC purchased a new stake in Papa Johns International in the 3rd quarter worth about $210,000. Finally, Blue Trust Inc. boosted its position in Papa Johns International by 15.8% during the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock worth $223,000 after acquiring an additional 740 shares during the period.

Papa Johns International Stock Performance

Shares of PZZA traded down $0.63 during trading hours on Friday, hitting $40.39. 247,534 shares of the company were exchanged, compared to its average volume of 1,209,985. The company has a market cap of $1.32 billion, a PE ratio of 14.03, a PEG ratio of 2.41 and a beta of 1.16. The firm's 50 day moving average is $43.52 and its 200-day moving average is $46.46. Papa Johns International, Inc. has a 52 week low of $35.28 and a 52 week high of $68.66.

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Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's payout ratio is 73.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PZZA. Stephens reiterated an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on shares of Papa Johns International from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Loop Capital lowered their price target 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. Finally, UBS Group cut their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Papa Johns International presently has an average rating of "Hold" and a consensus target price of $55.25.

Papa Johns International 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.