Gotham Asset Management LLC Trims Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Gotham Asset Management LLC lowered its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,381 shares of the company’s stock after selling 742 shares during the quarter. Gotham Asset Management LLC’s holdings in Papa Johns International were worth $591,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB lifted its position in shares of Papa Johns International by 300.0% during 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 during the last quarter. CIBC Private Wealth Group LLC bought a new stake in Papa Johns International during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted 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 valued at $56,000 after buying an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Papa Johns International in the 4th quarter valued at about $58,000. Finally, Meeder Asset Management Inc. bought a new position in Papa Johns International in the 4th quarter worth about $164,000.

Papa Johns International Stock Performance

Shares of Papa Johns International stock opened at $40.34 on Monday. The company has a market capitalization of $1.32 billion, a PE ratio of 14.06, a P/E/G ratio of 2.41 and a beta of 1.09. The company has a 50-day simple moving average of $37.41 and a two-hundred day simple moving average of $42.21. Papa Johns International, Inc. has a one year low of $30.16 and a one year high of $60.75.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $518.31 million for the quarter, compared to the consensus estimate of $512.48 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Papa Johns International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Monday, May 19th. Papa Johns International’s payout ratio is presently 78.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on PZZA shares. UBS Group decreased their price target on shares of Papa Johns International from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Stephens reaffirmed an “overweight” rating and set a $50.00 target price on shares of Papa Johns International in a research report on Thursday, May 8th. Benchmark reiterated a “buy” rating and issued a $50.00 target price on shares of Papa Johns International in a report on Monday, May 12th. Northcoast Research raised Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Papa Johns International has a consensus rating of “Hold” and an average price target of $51.25.

Papa Johns International 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.