New York State Common Retirement Fund Reduces Stock Position in Papa John’s International, Inc. (NASDAQ:PZZA)

New York State Common Retirement Fund cut its holdings in Papa John’s International, Inc. (NASDAQ:PZZAFree Report) by 27.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 172,797 shares of the company’s stock after selling 65,177 shares during the period. New York State Common Retirement Fund’s holdings in Papa John’s International were worth $11,788,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PZZA. Lazard Asset Management LLC purchased a new position in shares of Papa John’s International during the 4th quarter worth about $34,000. First Horizon Advisors Inc. purchased a new position in shares of Papa John’s International during the 1st quarter worth about $37,000. Park Place Capital Corp boosted its stake in shares of Papa John’s International by 49.6% during the 2nd quarter. Park Place Capital Corp now owns 543 shares of the company’s stock worth $40,000 after purchasing an additional 180 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Papa John’s International by 3,772.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the company’s stock worth $51,000 after purchasing an additional 679 shares during the period. Finally, State of Wyoming purchased a new position in shares of Papa John’s International during the 2nd quarter worth about $59,000.

Papa John’s International Stock Performance

Shares of PZZA opened at $73.69 on Thursday. The company has a 50 day moving average price of $73.55 and a 200-day moving average price of $72.60. Papa John’s International, Inc. has a fifty-two week low of $60.66 and a fifty-two week high of $97.78. The stock has a market capitalization of $2.41 billion, a PE ratio of 31.63, a PEG ratio of 2.79 and a beta of 1.18.

Papa John’s International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 12th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.84 annualized dividend and a dividend yield of 2.50%. Papa John’s International’s payout ratio is presently 78.97%.

Analyst Upgrades and Downgrades

PZZA has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $87.00 price target (up from $85.00) on shares of Papa John’s International in a research note on Thursday, January 11th. StockNews.com raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a research report on Monday. Oppenheimer reissued a “market perform” rating on shares of Papa John’s International in a research report on Friday, January 5th. KeyCorp boosted their price objective on shares of Papa John’s International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. Finally, Stephens lowered their price objective on shares of Papa John’s International from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.80.

View Our Latest Stock Analysis on PZZA

Papa John’s International Company Profile

(Free Report)

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Further Reading

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s International, Inc. (NASDAQ:PZZAFree Report).

Institutional Ownership by Quarter for Papa John's International (NASDAQ:PZZA)

Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.