Amundi Boosts Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Amundi grew its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 174.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,767 shares of the company’s stock after purchasing an additional 10,023 shares during the quarter. Amundi’s holdings in Papa Johns International were worth $599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PZZA. Wilmington Savings Fund Society FSB raised its stake in Papa Johns International by 300.0% during the fourth 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 period. Atlas Brown Inc. lifted its position in shares of Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock valued at $429,000 after acquiring an additional 546 shares in the last quarter. KBC Group NV lifted its position in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company’s stock valued at $273,000 after acquiring an additional 551 shares in the last quarter. Jones Financial Companies Lllp lifted 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 worth $56,000 after buying an additional 717 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Papa Johns International by 15.8% in the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock worth $223,000 after buying an additional 740 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PZZA. Loop Capital cut their price target on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. 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 report on Wednesday, January 15th. UBS Group cut their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.67.

Papa Johns International Price Performance

Shares of NASDAQ:PZZA opened at $45.45 on Friday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.41 and a beta of 1.16. The company has a 50 day moving average of $43.02 and a 200-day moving average of $46.66. Papa Johns International, Inc. has a one year low of $35.28 and a one year high of $71.71.

Papa Johns International Announces Dividend

The company also recently disclosed 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 4.05%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s dividend payout ratio is currently 73.02%.

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.