Papa Johns International, Inc. (NASDAQ:PZZA) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,699 shares of the company's stock after purchasing an additional 93,561 shares during the quarter. Wellington Management Group LLP owned 1.19% of Papa Johns International worth $15,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Irth Capital Management LP purchased a new stake in shares of Papa Johns International during the 4th quarter valued at about $66,883,000. Moody National Bank Trust Division grew its position in shares of Papa Johns International by 142.3% during the 4th quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock valued at $930,000 after acquiring an additional 13,297 shares during the period. Wealthfront Advisers LLC bought a new position in Papa Johns International in the 4th quarter worth $559,000. Raymond James Financial Inc. purchased a new stake in Papa Johns International in the fourth quarter worth about $5,647,000. Finally, Sei Investments Co. lifted its position in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after buying an additional 102,128 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group cut their price target 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. Loop Capital lowered their target price 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. Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. Jefferies Financial Group decreased their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Finally, Stephens reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Papa Johns International in a report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International has a consensus rating of "Hold" and a consensus target price of $55.25.

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Papa Johns International Stock Down 2.1 %

Shares of NASDAQ:PZZA traded down $0.66 during midday trading on Monday, reaching $31.21. The company's stock had a trading volume of 122,149 shares, compared to its average volume of 1,229,549. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.88, a P/E/G ratio of 2.41 and a beta of 1.25. The stock has a fifty day moving average of $42.95 and a 200 day moving average of $45.19. Papa Johns International, Inc. has a twelve month low of $30.71 and a twelve month high of $64.67.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.89%. Papa Johns International's payout ratio is 73.02%.

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.