Papa Johns International (NASDAQ:PZZA) Shares Down 2.2% – Here’s What Happened

Papa Johns International, Inc. (NASDAQ:PZZA) shares traded down 2.2% on Monday . The company traded as low as $43.62 and last traded at $43.73. 203,297 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,174,879 shares. The stock had previously closed at $44.72.

Wall Street Analysts Forecast Growth

PZZA has been the topic of several recent analyst reports. Loop Capital dropped their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. UBS Group cut their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.67.

Papa Johns International Trading Down 3.3 %

The business has a 50 day moving average of $43.18 and a 200-day moving average of $46.61. The stock has a market cap of $1.41 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is currently 73.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Papa Johns International in the third quarter valued at approximately $411,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Papa Johns International by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company’s stock worth $20,399,000 after purchasing an additional 28,883 shares during the period. Nwam LLC acquired a new stake in shares of Papa Johns International during the third quarter worth $210,000. FMR LLC grew its position in shares of Papa Johns International by 89.2% in the third quarter. FMR LLC now owns 6,150 shares of the company’s stock valued at $331,000 after purchasing an additional 2,900 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Papa Johns International by 19.8% in the third quarter. BNP Paribas Financial Markets now owns 22,130 shares of the company’s stock valued at $1,192,000 after purchasing an additional 3,659 shares during the last quarter.

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.