Papa Johns International (NASDAQ:PZZA) Shares Up 5.6% – What’s Next?

Papa Johns International, Inc. (NASDAQ:PZZA)’s share price rose 5.6% during mid-day trading on Monday . The company traded as high as $45.69 and last traded at $45.77. Approximately 143,847 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,691,282 shares. The stock had previously closed at $43.36.

Wall Street Analysts Forecast Growth

PZZA has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, February 27th. Loop Capital reduced their price objective on shares of 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, Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.67.

Papa Johns International Trading Up 6.5 %

The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.41 and a beta of 1.16. The firm’s 50 day simple moving average is $42.49 and its 200-day simple moving average is $46.68.

Papa Johns International Dividend Announcement

The company 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. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 3.98%. Papa Johns International’s dividend payout ratio is currently 73.02%.

Hedge Funds Weigh In On Papa Johns International

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its position in shares of Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Papa Johns International during the 4th quarter worth $30,000. Jones Financial Companies Lllp boosted its position in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after purchasing an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Papa Johns International during the 4th quarter worth $58,000. Finally, US Bancorp DE boosted its position in shares of Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares in 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.