Legal & General Group Plc Sells 1,355 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Legal & General Group Plc trimmed its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,136 shares of the company’s stock after selling 1,355 shares during the quarter. Legal & General Group Plc owned approximately 0.29% of Papa Johns International worth $3,866,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PZZA. Irth Capital Management LP purchased a new position in shares of Papa Johns International in the 4th quarter valued at $66,883,000. Sei Investments Co. boosted its position in Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock valued at $61,635,000 after purchasing an additional 102,128 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock valued at $47,506,000 after purchasing an additional 64,972 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Papa Johns International by 117.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company’s stock valued at $45,933,000 after purchasing an additional 603,650 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in Papa Johns International by 131.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company’s stock worth $23,670,000 after purchasing an additional 327,300 shares in the last quarter.

Papa Johns International Stock Up 2.3 %

Papa Johns International stock opened at $31.59 on Wednesday. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $64.67. The stock has a 50-day moving average price of $41.47 and a 200 day moving average price of $44.18. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The firm 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 5.82%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is currently 73.02%.

Wall Street Analyst Weigh In

PZZA has been the topic of a number of recent analyst reports. Benchmark lowered their price target on shares of Papa Johns International from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group lowered 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 set a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

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.