Papa Johns International (NASDAQ:PZZA) Sets New 52-Week Low After Analyst Downgrade

Papa Johns International, Inc. (NASDAQ:PZZA)’s share price hit a new 52-week low on Monday after Benchmark lowered their price target on the stock from $65.00 to $50.00. Benchmark currently has a buy rating on the stock. Papa Johns International traded as low as $30.18 and last traded at $30.68, with a volume of 98241 shares. The stock had previously closed at $31.16.

Several other equities analysts have also recently weighed in on PZZA. Jefferies Financial Group cut their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a 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 research note on Thursday, February 27th. UBS Group reduced their price objective on 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. Finally, 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 report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.00.

Institutional Investors Weigh In On Papa Johns International

Several institutional investors have recently made changes to their positions in PZZA. Brevan Howard Capital Management LP grew its holdings in Papa Johns International by 2.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company’s stock valued at $647,000 after purchasing an additional 388 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 450 shares during the period. Atlas Brown Inc. grew its stake in shares of Papa Johns International by 5.5% during the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock valued at $429,000 after buying an additional 546 shares during the last quarter. KBC Group NV raised its holdings in shares of Papa Johns International by 9.1% in the fourth quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after buying an additional 551 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Papa Johns International by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock worth $776,000 after acquiring an additional 658 shares during the last quarter.

Papa Johns International Trading Down 0.9 %

The stock has a 50 day moving average of $41.86 and a 200-day moving average of $44.27. The stock has a market capitalization of $1.01 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio is currently 73.02%.

Papa Johns International Company 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.