Papa Johns International, Inc. (NASDAQ:PZZA) Stock Position Decreased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,953,226 shares of the company’s stock after selling 357,015 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.09% of Papa Johns International worth $121,289,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PZZA. Wilmington Savings Fund Society FSB increased its position in shares of 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 acquiring an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Papa Johns International during the fourth quarter valued at $30,000. Jones Financial Companies Lllp lifted its stake in Papa Johns International by 111.9% in 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 in the last quarter. New Age Alpha Advisors LLC purchased a new position in Papa Johns International during the 4th quarter valued at about $58,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Papa Johns International in the fourth quarter worth approximately $164,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on PZZA. UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. 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. Loop Capital decreased 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. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Finally, Stifel Nicolaus decreased their target price on Papa Johns International from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.00.

Papa Johns International Price Performance

Shares of Papa Johns International stock opened at $33.19 on Friday. The company’s fifty day moving average price is $40.83 and its two-hundred day moving average price is $43.99. The firm has a market capitalization of $1.09 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a 52-week low of $30.16 and a 52-week high of $64.15.

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.