Stifel Nicolaus Cuts Papa Johns International (NASDAQ:PZZA) Price Target to $40.00

Papa Johns International (NASDAQ:PZZA) had its target price lowered by Stifel Nicolaus from $45.00 to $40.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

PZZA has been the subject of several other reports. Loop Capital reduced their target price 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. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. UBS Group cut their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group decreased their price objective on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.25.

Papa Johns International Trading Down 2.9 %

PZZA opened at $39.84 on Wednesday. The firm’s 50 day simple moving average is $43.60 and its two-hundred day simple moving average is $46.41. The company has a market capitalization of $1.30 billion, a PE ratio of 13.88, a PEG ratio of 2.41 and a beta of 1.16. Papa Johns International has a 1-year low of $35.28 and a 1-year high of $68.66.

Papa Johns International Announces Dividend

The firm 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. This represents a $1.84 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is 73.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its position in shares of Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 450 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Papa Johns International in the fourth quarter worth about $30,000. Jones Financial Companies Lllp increased its holdings in Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after buying an additional 717 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Papa Johns International during the 4th quarter valued at approximately $58,000. Finally, State of Wyoming purchased a new stake in shares of Papa Johns International in the 4th quarter valued at $87,000.

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.