Papa Johns International’s (PZZA) Overweight Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of Papa Johns International (NASDAQ:PZZA) in a research report report published on Thursday,Benzinga reports. Stephens currently has a $60.00 price target on the stock.

Several other analysts have also commented on the stock. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Wednesday, January 15th. Loop Capital lowered their price objective 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. UBS Group lowered their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group lowered their price objective 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. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and a consensus target price of $55.67.

Papa Johns International Price Performance

NASDAQ PZZA opened at $46.89 on Thursday. The stock has a market capitalization of $1.53 billion, a PE ratio of 16.34, a PEG ratio of 2.41 and a beta of 1.19. Papa Johns International has a 1 year low of $35.28 and a 1 year high of $76.91. The business’s 50-day moving average is $41.40 and its 200 day moving average is $46.76.

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is currently 64.11%.

Institutional Investors Weigh In On Papa Johns International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Brevan Howard Capital Management LP grew its position in Papa Johns International by 2.5% in the 4th 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 during the period. Wilmington Savings Fund Society FSB grew its position 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 purchasing an additional 450 shares during the period. Atlas Brown Inc. grew its position in Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock worth $429,000 after purchasing an additional 546 shares during the period. Finally, KBC Group NV grew its position in Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after purchasing an additional 551 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.