XTX Topco Ltd Raises Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

XTX Topco Ltd boosted its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 96.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,647 shares of the company's stock after purchasing an additional 11,124 shares during the quarter. XTX Topco Ltd owned about 0.07% of Papa Johns International worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PZZA. Irth Capital Management LP purchased a new position in shares of Papa Johns International during the fourth quarter valued at approximately $66,883,000. Arrowstreet Capital Limited Partnership raised its holdings in Papa Johns International by 117.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock worth $45,933,000 after purchasing an additional 603,650 shares during the period. Segall Bryant & Hamill LLC increased its position in Papa Johns International by 131.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock worth $23,670,000 after buying an additional 327,300 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Papa Johns International during the 4th quarter valued at about $5,647,000. Finally, Sei Investments Co. grew its stake 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 acquiring an additional 102,128 shares during the period.

Papa Johns International Stock Performance

NASDAQ PZZA traded down $0.41 during trading on Monday, reaching $30.75. 536,045 shares of the company's stock were exchanged, compared to its average volume of 1,238,681. The stock has a market cap of $1.01 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company has a 50 day moving average price of $42.11 and a two-hundred day moving average price of $44.42. Papa Johns International, Inc. has a 1 year low of $30.16 and a 1 year high of $64.67.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors 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 yield of 5.98%. Papa Johns International's payout ratio is currently 73.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PZZA shares. Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Loop Capital reduced their price target on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, Benchmark cut their price target on shares of Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a report on Monday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $53.00.

Papa Johns International Company 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.