Papa Johns International (NASDAQ:PZZA) Sets New 1-Year Low – Should You Sell?

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $34.03 and last traded at $34.44, with a volume of 55159 shares changing hands. The stock had previously closed at $36.33.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Northcoast Research upgraded Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Stifel Nicolaus cut their price objective on shares of Papa Johns International from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group decreased their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.25.

Papa Johns International Stock Down 3.8 %

The business has a fifty day simple moving average of $43.83 and a two-hundred day simple moving average of $46.01. The company has a market cap of $1.14 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is 73.02%.

Institutional Trading of Papa Johns International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Irth Capital Management LP purchased a new stake in shares of Papa Johns International in the 4th quarter worth $66,883,000. Moody National Bank Trust Division increased its position in Papa Johns International by 142.3% in the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company’s stock worth $930,000 after buying an additional 13,297 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Papa Johns International in the fourth quarter worth about $559,000. Raymond James Financial Inc. purchased a new position in shares of Papa Johns International during the 4th quarter valued at about $5,647,000. Finally, Sei Investments Co. grew its stake in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock valued at $61,635,000 after acquiring an additional 102,128 shares during the period.

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.