Papa Johns International, Inc. (NASDAQ:PZZA) Given Consensus Rating of “Hold” by Brokerages

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $55.25.

Several equities analysts have recently issued reports on the stock. Loop Capital dropped their price target on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their target price on Papa Johns International from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 26th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Finally, UBS Group lowered their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Papa Johns International Price Performance

Papa Johns International stock opened at $41.87 on Friday. The business has a 50 day moving average of $43.86 and a 200-day moving average of $46.24. The company has a market capitalization of $1.37 billion, a P/E ratio of 14.59, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International has a 1 year low of $35.28 and a 1 year high of $66.81.

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.39%. Papa Johns International’s payout ratio is currently 73.02%.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds and other institutional investors have recently modified their holdings of PZZA. Intech Investment Management LLC acquired a new stake in Papa Johns International in the 3rd quarter valued at $411,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Papa Johns International by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company’s stock valued at $20,399,000 after buying an additional 28,883 shares in the last quarter. FMR LLC grew its holdings in shares of Papa Johns International by 89.2% during the third quarter. FMR LLC now owns 6,150 shares of the company’s stock valued at $331,000 after buying an additional 2,900 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Papa Johns International by 19.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,130 shares of the company’s stock worth $1,192,000 after acquiring an additional 3,659 shares during the last quarter. Finally, Isthmus Partners LLC lifted its position in Papa Johns International by 264.4% in the 3rd quarter. Isthmus Partners LLC now owns 35,759 shares of the company’s stock valued at $1,926,000 after acquiring an additional 25,947 shares in the last quarter.

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.