Papa Johns International, Inc. (NASDAQ:PZZA) Stock Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,379 shares of the company’s stock after selling 558 shares during the period. PNC Financial Services Group Inc.’s holdings in Papa Johns International were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PZZA. Wilmington Savings Fund Society FSB grew its position in 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 buying an additional 450 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock valued at $56,000 after acquiring an additional 717 shares in the last quarter. Nwam LLC acquired a new position in shares of Papa Johns International during the third quarter valued at approximately $210,000. Blue Trust Inc. raised its holdings in Papa Johns International by 15.8% during the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock worth $223,000 after purchasing an additional 740 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in Papa Johns International in the third quarter worth approximately $266,000.

Papa Johns International Trading Down 0.9 %

Papa Johns International stock opened at $45.45 on Friday. Papa Johns International, Inc. has a 1-year low of $35.28 and a 1-year high of $71.71. The company has a fifty day simple moving average of $43.02 and a 200 day simple moving average of $46.66. The company has a market cap of $1.48 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is currently 73.02%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PZZA. Jefferies Financial Group dropped their price target on shares of 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. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report 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. Loop Capital decreased their price target on shares of 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. Finally, Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.67.

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.