Vanguard Group Inc. Sells 16,534 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Vanguard Group Inc. trimmed its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,848,119 shares of the company's stock after selling 16,534 shares during the period. Vanguard Group Inc. owned about 11.79% of Papa Johns International worth $158,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PZZA. Irth Capital Management LP bought a new position in Papa Johns International during the 4th quarter worth approximately $66,883,000. Wellington Management Group LLP bought a new position in shares of Papa Johns International in the third quarter worth approximately $15,845,000. Raymond James Financial Inc. purchased a new position in shares of Papa Johns International in the fourth quarter worth $5,647,000. Sei Investments Co. increased its stake in shares of Papa Johns International by 7.3% in the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after buying an additional 102,128 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in Papa Johns International by 6.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after buying an additional 64,972 shares during the last quarter.

Papa Johns International Price Performance

NASDAQ PZZA traded down $0.58 during trading hours on Friday, reaching $31.87. 1,229,250 shares of the company's stock traded hands, compared to its average volume of 1,232,491. Papa Johns International, Inc. has a 52-week low of $30.71 and a 52-week high of $64.67. The firm has a 50-day simple moving average of $42.95 and a 200 day simple moving average of $45.23. The firm has a market cap of $1.04 billion, a PE ratio of 11.10, a PEG ratio of 2.41 and a beta of 1.25.

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Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.77%. Papa Johns International's dividend payout ratio is currently 73.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PZZA shares. Loop Capital decreased 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 research report on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on Papa Johns International from $45.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, March 26th. Northcoast Research raised Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Papa Johns International has an average rating of "Hold" and a consensus target price 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.