Papa Johns International (NASDAQ:PZZA) Trading 3.8% Higher – What’s Next?

Papa Johns International, Inc. (NASDAQ:PZZA) shares were up 3.8% during mid-day trading on Monday . The stock traded as high as $41.26 and last traded at $41.37. Approximately 655,673 shares traded hands during trading, a decline of 46% from the average daily volume of 1,210,864 shares. The stock had previously closed at $39.84.

Analyst Ratings Changes

PZZA has been the topic of a number of recent research reports. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Stifel Nicolaus dropped their target price on Papa Johns International from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 26th. UBS Group dropped their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Finally, Loop Capital decreased their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Papa Johns International currently has an average rating of “Hold” and a consensus price target of $55.25.

Papa Johns International Trading Up 3.1 %

The stock has a market cap of $1.34 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. The stock’s 50-day moving average is $43.60 and its 200-day moving average is $46.38.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.48%. Papa Johns International’s payout ratio is 73.02%.

Hedge Funds Weigh In On Papa Johns International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its stake in shares of Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after buying an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Papa Johns International during the fourth quarter worth about $30,000. Jones Financial Companies Lllp raised its position in Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after acquiring an additional 717 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Papa Johns International in the 4th quarter valued at about $58,000. Finally, State of Wyoming bought a new position in shares of Papa Johns International during the 4th quarter valued at about $87,000.

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.