Papa Johns International (NASDAQ:PZZA) Shares Down 2.2% – Here’s Why

Papa Johns International, Inc. (NASDAQ:PZZA)’s share price fell 2.2% during mid-day trading on Monday . The stock traded as low as $43.62 and last traded at $43.73. 203,297 shares were traded during trading, a decline of 83% from the average session volume of 1,174,879 shares. The stock had previously closed at $44.72.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. UBS Group decreased their price target on 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. Jefferies Financial Group decreased their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, Loop Capital decreased their price objective 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. Seven 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 company has a consensus rating of “Hold” and a consensus target price of $55.67.

Papa Johns International Trading Down 1.0 %

The firm has a market cap of $1.31 billion, a PE ratio of 14.07, a PEG ratio of 2.41 and a beta of 1.16. The firm has a fifty day simple moving average of $43.35 and a two-hundred day simple moving average of $46.54.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.58%. Papa Johns International’s dividend payout ratio (DPR) is presently 73.02%.

Institutional Investors Weigh In On Papa Johns International

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in Papa Johns International by 31.8% in the fourth quarter. Wellington Management Group LLP now owns 387,699 shares of the company’s stock worth $15,923,000 after purchasing an additional 93,561 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Papa Johns International by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,056 shares of the company’s stock valued at $2,549,000 after purchasing an additional 7,784 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Papa Johns International by 8.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,117,238 shares of the company’s stock worth $45,885,000 after buying an additional 85,236 shares in the last quarter. Twinbeech Capital LP purchased a new stake in shares of Papa Johns International during the fourth quarter valued at approximately $2,988,000. Finally, Two Sigma Investments LP raised its holdings in Papa Johns International by 247.0% in the 4th quarter. Two Sigma Investments LP now owns 163,720 shares of the company’s stock worth $6,724,000 after acquiring an additional 116,538 shares during the last quarter.

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.