Handelsbanken Fonder AB Has $302,000 Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Handelsbanken Fonder AB grew its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,351 shares of the company’s stock after buying an additional 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in Papa Johns International were worth $302,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB lifted its position in 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 acquiring an additional 450 shares during the last quarter. US Bancorp DE grew its position in Papa Johns International by 225.4% in 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 during the last quarter. Nwam LLC acquired a new stake in Papa Johns International in the 3rd quarter worth $210,000. MML Investors Services LLC bought a new position in shares of Papa Johns International during the 3rd quarter worth about $266,000. Finally, Optimist Retirement Group LLC acquired a new position in shares of Papa Johns International during the third quarter valued at about $286,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered 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. UBS Group cut their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and a consensus price target of $55.67.

Papa Johns International Stock Down 1.7 %

Shares of PZZA stock opened at $44.57 on Tuesday. Papa Johns International, Inc. has a 12-month low of $35.28 and a 12-month high of $72.88. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. The firm has a fifty day moving average of $41.53 and a 200-day moving average of $46.77.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is presently 73.02%.

Papa Johns International 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.