Arrowstreet Capital Limited Partnership Has $45.93 Million Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Arrowstreet Capital Limited Partnership grew its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 117.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,118,403 shares of the company’s stock after purchasing an additional 603,650 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 3.43% of Papa Johns International worth $45,933,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its holdings 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 worth $25,000 after purchasing an additional 450 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after acquiring an additional 717 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Papa Johns International during the fourth quarter worth about $58,000. AlphaQuest LLC bought a new position in shares of Papa Johns International in the fourth quarter valued at approximately $190,000. Finally, Blue Trust Inc. boosted its position in Papa Johns International by 15.8% in the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock worth $223,000 after purchasing an additional 740 shares during the last quarter.

Wall Street Analysts Forecast Growth

PZZA has been the subject of a number of research reports. Loop Capital reduced their target price on shares of 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. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Stifel Nicolaus decreased their price target on shares of Papa Johns International from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 26th. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Jefferies Financial Group lowered their price target 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.25.

Papa Johns International Trading Up 1.2 %

Shares of NASDAQ:PZZA opened at $41.57 on Wednesday. Papa Johns International, Inc. has a 12 month low of $35.28 and a 12 month high of $68.36. The company has a 50-day moving average price of $43.78 and a 200-day moving average price of $46.27. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is 73.02%.

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.