Analysts Set Papa Johns International, Inc. (NASDAQ:PZZA) Target Price at $55.25

Papa Johns International, Inc. (NASDAQ:PZZA) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the stock, Marketbeat Ratings 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 1-year target price among brokers that have covered the stock in the last year is $55.25.

A number of equities analysts have recently commented on PZZA shares. Northcoast Research raised shares of Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Jefferies Financial Group cut their price objective on 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. Stifel Nicolaus decreased 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. UBS Group reduced their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Loop Capital reduced their target price 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.

Institutional Investors Weigh In On Papa Johns International

Several large investors have recently added to or reduced their stakes in the stock. Irth Capital Management LP acquired a new position in shares of Papa Johns International during the fourth quarter valued at $66,883,000. Moody National Bank Trust Division grew its position in Papa Johns International by 142.3% in the 4th quarter. Moody National Bank Trust Division now owns 22,644 shares of the company’s stock worth $930,000 after purchasing an additional 13,297 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Papa Johns International during the fourth quarter worth approximately $559,000. Raymond James Financial Inc. acquired a new position in shares of Papa Johns International during the fourth quarter worth approximately $5,647,000. Finally, Sei Investments Co. grew its holdings in Papa Johns International by 7.3% in the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock worth $61,635,000 after buying an additional 102,128 shares in the last quarter.

Papa Johns International Stock Performance

NASDAQ PZZA opened at $36.33 on Friday. Papa Johns International has a one year low of $35.28 and a one year high of $64.67. The company’s 50 day moving average price is $43.83 and its 200 day moving average price is $46.10. The firm 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Monday, February 10th. Papa Johns International’s payout ratio is 73.02%.

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.