Sei Investments Co. Increases Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Sei Investments Co. grew its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,500,739 shares of the company’s stock after purchasing an additional 102,128 shares during the quarter. Sei Investments Co. owned approximately 4.60% of Papa Johns International worth $61,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Irth Capital Management LP purchased a new position in Papa Johns International during the 4th quarter worth approximately $66,883,000. Stephens Investment Management Group LLC boosted its holdings in shares of Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock valued at $47,506,000 after acquiring an additional 64,972 shares during the period. Bank of New York Mellon Corp grew its position in shares of Papa Johns International by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company’s stock worth $16,011,000 after acquiring an additional 59,404 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Papa Johns International by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company’s stock valued at $15,766,000 after acquiring an additional 5,216 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Papa Johns International in the 3rd quarter valued at $15,845,000.

Analysts Set New Price Targets

Several research analysts have issued reports on PZZA shares. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Loop Capital dropped their price target 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. Northcoast Research raised Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Jefferies Financial Group cut their price target on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Finally, Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.67.

Papa Johns International Stock Down 1.6 %

NASDAQ:PZZA opened at $44.72 on Monday. The firm’s fifty day simple moving average is $43.18 and its 200-day simple moving average is $46.61. The stock has a market cap of $1.46 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $68.66.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.11%. Papa Johns International’s payout ratio is currently 73.02%.

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.