Bank of New York Mellon Corp Raises Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Bank of New York Mellon Corp lifted its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,837 shares of the company’s stock after buying an additional 59,404 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.19% of Papa Johns International worth $16,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Irth Capital Management LP bought a new position in Papa Johns International in the fourth quarter worth approximately $66,883,000. Stephens Investment Management Group LLC grew its stake in Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock worth $47,506,000 after purchasing an additional 64,972 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Papa Johns International by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company’s stock worth $20,399,000 after purchasing an additional 28,883 shares in the last quarter. Wellington Management Group LLP bought a new position in Papa Johns International in the third quarter worth approximately $15,845,000. Finally, Natixis Advisors LLC boosted its position in Papa Johns International by 85.9% during the 3rd quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock valued at $10,237,000 after acquiring an additional 87,801 shares in the last quarter.

Papa Johns International Stock Performance

NASDAQ PZZA opened at $46.30 on Wednesday. The stock has a 50-day simple moving average of $42.33 and a two-hundred day simple moving average of $46.78. The firm has a market capitalization of $1.51 billion, a P/E ratio of 16.13, a PEG ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $72.88.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid 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 3.97%. Papa Johns International’s payout ratio is currently 73.02%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PZZA shares. Jefferies Financial Group dropped their target price 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. Loop Capital dropped 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. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Finally, Northcoast Research raised Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Papa Johns International has an average rating of “Hold” and an average price target of $55.67.

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.