Papa Johns International (NASDAQ:PZZA) Given New $38.00 Price Target at UBS Group

Papa Johns International (NASDAQ:PZZA) had its target price reduced by UBS Group from $45.00 to $38.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Thursday, February 27th. Benchmark cut their price objective on Papa Johns International from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Loop Capital dropped their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their price objective on Papa Johns International from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Papa Johns International currently has an average rating of “Hold” and an average target price of $52.42.

Papa Johns International Price Performance

Papa Johns International stock opened at $35.43 on Monday. The stock has a market capitalization of $1.16 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. The business has a 50 day simple moving average of $38.83 and a 200-day simple moving average of $43.06. Papa Johns International has a 12 month low of $30.16 and a 12 month high of $60.75.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Monday, May 19th. Papa Johns International’s dividend payout ratio (DPR) is 73.02%.

Institutional Trading of Papa Johns International

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its position in Papa Johns International by 300.0% in the 4th 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. CIBC Private Wealth Group LLC purchased a new stake in Papa Johns International during the 4th quarter worth about $30,000. Jones Financial Companies Lllp raised its position in Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock valued at $56,000 after purchasing an additional 717 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Papa Johns International by 214.7% in the 1st quarter. Signaturefd LLC now owns 1,388 shares of the company’s stock valued at $57,000 after buying an additional 947 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Papa Johns International during the fourth quarter worth about $58,000.

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.