Victory Capital Management Inc. Sells 118,072 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Victory Capital Management Inc. reduced its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 93.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,571 shares of the company's stock after selling 118,072 shares during the quarter. Victory Capital Management Inc.'s holdings in Papa Johns International were worth $352,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after buying an additional 717 shares in the last quarter. Nwam LLC bought a new position in shares of Papa Johns International in the 3rd quarter valued at $210,000. MML Investors Services LLC bought a new stake in Papa Johns International during the 3rd quarter worth $266,000. Finally, Optimist Retirement Group LLC acquired a new position in Papa Johns International in the 3rd quarter worth about $286,000.

Papa Johns International Price Performance

Shares of Papa Johns International stock traded up $0.21 during trading hours on Wednesday, hitting $40.79. 1,269,165 shares of the company's stock traded hands, compared to its average volume of 1,185,748. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.41 and a beta of 1.16. The company has a fifty day simple moving average of $43.35 and a 200-day simple moving average of $46.54. Papa Johns International, Inc. has a 12-month low of $35.28 and a 12-month high of $68.66.

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Papa Johns International Announces Dividend

The company also recently announced 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 4.51%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International's dividend payout ratio is currently 73.02%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PZZA shares. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. UBS Group reduced their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on Papa Johns International from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday. 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 MarketBeat, the stock currently has a consensus 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.