Papa Johns International (NASDAQ:PZZA) Trading Down 5.5% – Here’s What Happened

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) traded down 5.5% during trading on Wednesday . The stock traded as low as $46.88 and last traded at $47.05. 831,675 shares changed hands during trading, a decline of 55% from the average session volume of 1,863,052 shares. The stock had previously closed at $49.81.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PZZA. Jefferies Financial Group dropped their price objective on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Loop Capital cut their target price on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 14th. Finally, UBS Group cut their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Papa Johns International has an average rating of “Hold” and an average price target of $55.67.

Papa Johns International Stock Down 7.3 %

The company has a 50 day moving average of $41.14 and a two-hundred day moving average of $46.76. The firm has a market cap of $1.51 billion, a P/E ratio of 16.09, a PEG ratio of 2.41 and a beta of 1.19.

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Monday, February 10th. Papa Johns International’s payout ratio is 64.11%.

Institutional Investors Weigh In On Papa Johns International

Large investors have recently modified their holdings of the stock. Creative Planning increased its stake in Papa Johns International by 59.8% in the 3rd quarter. Creative Planning now owns 22,548 shares of the company’s stock worth $1,215,000 after purchasing an additional 8,438 shares in the last quarter. Raymond James & Associates lifted its position in shares of Papa Johns International by 82.6% in the 3rd quarter. Raymond James & Associates now owns 164,569 shares of the company’s stock valued at $8,865,000 after acquiring an additional 74,438 shares in the last quarter. Signaturefd LLC boosted its stake in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares during the period. Pinnacle Associates Ltd. grew its position in Papa Johns International by 121.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 46,316 shares of the company’s stock worth $2,495,000 after purchasing an additional 25,423 shares in the last quarter. Finally, US Bancorp DE raised its stake in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the period.

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.