Papa Johns International, Inc. (NASDAQ:PZZA) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,200 shares of the company’s stock after selling 400 shares during the quarter. Swiss National Bank owned approximately 0.20% of Papa Johns International worth $2,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew 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 valued at $25,000 after purchasing an additional 450 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after acquiring an additional 717 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Papa Johns International during the fourth quarter worth $190,000. MML Investors Services LLC purchased a new stake in shares of Papa Johns International during the third quarter worth $266,000. Finally, Optimist Retirement Group LLC acquired a new stake in shares of Papa Johns International in the third quarter valued at $286,000.

Wall Street Analysts Forecast Growth

PZZA has been the subject of several analyst reports. UBS Group lowered their target price 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. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. Northcoast Research raised shares of Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Stifel Nicolaus dropped their price objective on shares of Papa Johns International from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.25.

Papa Johns International Stock Performance

PZZA opened at $41.02 on Friday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a one year low of $35.28 and a one year high of $68.66. The business’s 50-day simple moving average is $43.52 and its 200-day simple moving average is $46.46.

Papa Johns International Dividend Announcement

The company also recently disclosed 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 4.49%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is currently 73.02%.

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.