Papa Johns International (NASDAQ:PZZA) Given New $38.00 Price Target at Stifel Nicolaus

Papa Johns International (NASDAQ:PZZA) had its target price cut by Stifel Nicolaus from $40.00 to $38.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently weighed in on PZZA. Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. UBS Group cut their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Wedbush reiterated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Finally, Loop Capital decreased their price objective on 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.08.

Papa Johns International Stock Performance

Shares of PZZA opened at $30.45 on Tuesday. The stock has a 50-day moving average of $42.61 and a two-hundred day moving average of $44.93. The stock has a market cap of $995.99 million, a P/E ratio of 10.61, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International has a one year low of $30.20 and a one year high of $64.67.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 6.04%. The ex-dividend date was Monday, February 10th. Papa Johns International’s payout ratio is presently 73.02%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP increased its stake in shares of Papa Johns International by 2.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company’s stock worth $647,000 after purchasing an additional 388 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in 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 during the last quarter. Atlas Brown Inc. increased its stake in Papa Johns International by 5.5% during the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock worth $429,000 after buying an additional 546 shares in the last quarter. KBC Group NV raised its holdings in shares of Papa Johns International by 9.1% during the fourth quarter. KBC Group NV now owns 6,639 shares of the company’s stock valued at $273,000 after acquiring an additional 551 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Papa Johns International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock valued at $776,000 after acquiring an additional 658 shares in the last quarter.

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.