Victory Capital Management Inc. Lowers Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Victory Capital Management Inc. trimmed its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 93.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,571 shares of the company’s stock after selling 118,072 shares during the period. Victory Capital Management Inc.’s holdings in Papa Johns International were worth $352,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its holdings in shares of Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock valued at $56,000 after buying an additional 717 shares in the last quarter. Nwam LLC bought a new stake in Papa Johns International in the 3rd quarter worth approximately $210,000. Blue Trust Inc. raised its holdings in shares of Papa Johns International by 15.8% during the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock worth $223,000 after acquiring an additional 740 shares in the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Papa Johns International during the 3rd quarter valued at approximately $266,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PZZA shares. UBS Group reduced their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group decreased 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 report on Wednesday, January 15th. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Loop Capital decreased their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Papa Johns International presently has a consensus rating of “Hold” and a consensus price target of $55.67.

Papa Johns International Trading Down 1.6 %

NASDAQ:PZZA opened at $44.72 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a twelve month low of $35.28 and a twelve month high of $68.66. The stock has a fifty day simple moving average of $43.18 and a 200-day simple moving average of $46.64.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.11%. Papa Johns International’s dividend payout ratio (DPR) is 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.