Papa Johns International, Inc. (NASDAQ:PZZA) Stock Holdings Reduced by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,245 shares of the company’s stock after selling 869 shares during the quarter. Bleakley Financial Group LLC’s holdings in Papa Johns International were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PZZA. AQR Capital Management LLC purchased a new position in Papa Johns International in the second quarter valued at about $245,000. SG Americas Securities LLC grew its stake in Papa Johns International by 102.3% in the third quarter. SG Americas Securities LLC now owns 8,468 shares of the company’s stock valued at $456,000 after purchasing an additional 4,283 shares in the last quarter. CWM LLC grew its stake in Papa Johns International by 27.5% in the third quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares in the last quarter. Creative Planning boosted its stake in shares of Papa Johns International by 59.8% during the 3rd quarter. Creative Planning now owns 22,548 shares of the company’s stock worth $1,215,000 after acquiring an additional 8,438 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Papa Johns International during the 3rd quarter worth about $232,000.

Papa Johns International Stock Up 8.1 %

Papa Johns International stock opened at $41.76 on Wednesday. The business has a 50 day moving average price of $40.76 and a two-hundred day moving average price of $46.37. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Papa Johns International, Inc. has a 12 month low of $35.28 and a 12 month high of $76.91.

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.41%. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PZZA. UBS Group decreased their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their price target on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Loop Capital decreased their price target on 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. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Bank of America upped their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.83.

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.