Papa Johns International, Inc. (NASDAQ:PZZA) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953,226 shares of the company's stock after selling 357,015 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 9.05% of Papa Johns International worth $121,289,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its stake 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 purchasing an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Papa Johns International during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings in Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after acquiring an additional 717 shares during the period. New Age Alpha Advisors LLC purchased a new position in Papa Johns International in the 4th quarter worth approximately $58,000. Finally, Meeder Asset Management Inc. acquired a new stake in Papa Johns International in the fourth quarter valued at approximately $164,000.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA traded up $0.29 during trading on Friday, reaching $33.48. The stock had a trading volume of 764,414 shares, compared to its average volume of 1,248,216. The firm's 50 day moving average price is $40.47 and its two-hundred day moving average price is $43.81. Papa Johns International, Inc. has a one year low of $30.16 and a one year high of $64.06. The stock has a market cap of $1.10 billion, a PE ratio of 11.67, a P/E/G ratio of 2.41 and a beta of 1.25.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PZZA. Benchmark decreased their target price 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. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. Loop Capital lowered their target price on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price target on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Finally, Stephens restated an "overweight" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Seven investment 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, the company currently has a consensus rating of "Hold" and an average price target of $53.00.

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.