Papa Johns International (NASDAQ:PZZA) Shares Down 5.8% – Here’s What Happened

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) fell 5.8% during mid-day trading on Tuesday . The company traded as low as $45.76 and last traded at $46.12. 497,060 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,753,567 shares. The stock had previously closed at $48.97.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PZZA. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Loop Capital lowered their target price on 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. Jefferies Financial Group cut their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Eight investment 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, Papa Johns International has a consensus rating of “Hold” and an average price target of $55.67.

Papa Johns International Stock Performance

The business’s 50 day moving average is $42.49 and its 200 day moving average is $46.77. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.28%. Papa Johns International’s dividend payout ratio is 73.02%.

Institutional Investors Weigh In On Papa Johns International

A number of institutional investors have recently bought and sold shares of PZZA. Wilmington Savings Fund Society FSB grew its position in Papa Johns International by 300.0% during the fourth 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 in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Papa Johns International in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its position in Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after acquiring an additional 717 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Papa Johns International during the fourth quarter valued at about $58,000. Finally, US Bancorp DE grew its position in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the last quarter.

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.