Commonwealth Equity Services LLC Has $487,000 Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Commonwealth Equity Services LLC grew its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 83.9% during the 4th quarter, HoldingsChannel reports. The firm owned 11,853 shares of the company’s stock after acquiring an additional 5,408 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Papa Johns International were worth $487,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Irth Capital Management LP bought a new position in shares of Papa Johns International in the fourth quarter valued at about $66,883,000. Wellington Management Group LLP acquired a new position in Papa Johns International during the third quarter valued at approximately $15,845,000. Raymond James Financial Inc. bought a new stake in shares of Papa Johns International in the 4th quarter valued at $5,647,000. Stephens Investment Management Group LLC raised its position in shares of Papa Johns International by 6.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock worth $47,506,000 after purchasing an additional 64,972 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Papa Johns International by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company’s stock worth $16,011,000 after buying an additional 59,404 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PZZA. UBS Group cut their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Papa Johns International from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 26th. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Loop Capital cut their price objective on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has a consensus rating of “Hold” and a consensus price target of $55.25.

Papa Johns International Price Performance

PZZA stock opened at $36.33 on Friday. The business’s fifty day moving average price is $43.83 and its two-hundred day moving average price is $46.06. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $64.67.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 5.06%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is 73.02%.

Papa Johns International 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.