PNC Financial Services Group Inc. Sells 558 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

PNC Financial Services Group Inc. trimmed its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,379 shares of the company’s stock after selling 558 shares during the period. PNC Financial Services Group Inc.’s holdings in Papa Johns International were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Papa Johns International in the fourth quarter valued at approximately $5,647,000. Charles Schwab Investment Management Inc. lifted its stake in Papa Johns International by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company’s stock valued at $15,766,000 after acquiring an additional 5,216 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock valued at $56,000 after acquiring an additional 717 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Papa Johns International by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company’s stock worth $16,011,000 after acquiring an additional 59,404 shares during the period. Finally, Winebrenner Capital Management LLC purchased a new position in shares of Papa Johns International during the fourth quarter worth $575,000.

Papa Johns International Price Performance

NASDAQ PZZA opened at $45.45 on Friday. Papa Johns International, Inc. has a 1-year low of $35.28 and a 1-year high of $71.71. The firm has a market capitalization of $1.48 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.41 and a beta of 1.16. The business’s 50-day simple moving average is $43.02 and its 200-day simple moving average is $46.66.

Papa Johns International Announces Dividend

The company also recently announced 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. The ex-dividend date was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.05%. Papa Johns International’s payout ratio is currently 73.02%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. UBS Group cut their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group lowered their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Northcoast Research upgraded Papa Johns International to a “hold” rating in a research note 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.