Brokerages Set Papa Johns International, Inc. (NASDAQ:PZZA) PT at $55.67

Papa Johns International, Inc. (NASDAQ:PZZA) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $55.67.

A number of brokerages have recently commented on PZZA. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a report on Friday, February 28th. Loop Capital lowered their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. UBS Group lowered their target price 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. Northcoast Research raised Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group lowered their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors have recently bought and sold shares of PZZA. Irth Capital Management LP purchased a new position in Papa Johns International in the 4th quarter worth about $66,883,000. River Road Asset Management LLC boosted its position in Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after acquiring an additional 1,070,485 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Papa Johns International by 117.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company’s stock worth $45,933,000 after acquiring an additional 603,650 shares during the period. Point72 Asset Management L.P. acquired a new stake in Papa Johns International during the 4th quarter worth about $17,328,000. Finally, Segall Bryant & Hamill LLC boosted its position in Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company’s stock worth $23,670,000 after acquiring an additional 327,300 shares during the period.

Papa Johns International Stock Performance

Shares of PZZA opened at $47.99 on Tuesday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International has a one year low of $35.28 and a one year high of $72.88. The stock’s fifty day moving average is $42.15 and its 200-day moving average is $46.75.

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 paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a yield of 3.83%. Papa Johns International’s dividend payout ratio is currently 73.02%.

Papa Johns International Company 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.