Rhumbline Advisers Has $4.16 Million Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Rhumbline Advisers boosted its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,251 shares of the company’s stock after purchasing an additional 2,651 shares during the period. Rhumbline Advisers’ holdings in Papa Johns International were worth $4,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legato Capital Management LLC grew its position in Papa Johns International by 25.5% in the fourth quarter. Legato Capital Management LLC now owns 26,827 shares of the company’s stock worth $1,102,000 after acquiring an additional 5,456 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Papa Johns International by 7,045.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,579 shares of the company’s stock worth $977,000 after purchasing an additional 22,263 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Papa Johns International by 6.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock worth $47,506,000 after purchasing an additional 64,972 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares during the last quarter. Finally, Guidance Capital Inc. bought a new stake in Papa Johns International during the 4th quarter worth about $479,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Loop Capital reduced 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. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a report on Thursday. UBS Group lowered their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday. Finally, Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.67.

Papa Johns International Stock Performance

PZZA opened at $45.35 on Friday. Papa Johns International, Inc. has a 52-week low of $35.28 and a 52-week high of $76.91. The stock has a market capitalization of $1.48 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. The stock’s 50 day moving average price is $41.40 and its 200-day moving average price is $46.76.

Papa Johns International Announces Dividend

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 $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.06%. Papa Johns International’s dividend payout ratio is currently 64.11%.

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.