Connor Clark & Lunn Investment Management Ltd. Grows Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 59.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,952 shares of the company’s stock after purchasing an additional 6,671 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Papa Johns International worth $737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position 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 valued at $25,000 after purchasing an additional 450 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Papa Johns International by 111.9% during the fourth 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. Nwam LLC purchased a new position in Papa Johns International during the third quarter valued at $210,000. AlphaQuest LLC purchased a new position in Papa Johns International during the fourth quarter valued at $190,000. Finally, MML Investors Services LLC purchased a new position in Papa Johns International during the third quarter valued at $266,000.

Papa Johns International Price Performance

Shares of NASDAQ PZZA opened at $44.72 on Friday. The business’s 50 day moving average is $43.18 and its two-hundred day moving average is $46.64. Papa Johns International, Inc. has a 1-year low of $35.28 and a 1-year high of $68.66. The stock has a market capitalization of $1.46 billion, a P/E ratio of 15.58, a PEG ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.11%. Papa Johns International’s payout ratio is currently 73.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PZZA. UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Jefferies Financial Group lowered their price objective on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Loop Capital lowered their price objective on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.67.

About Papa Johns International

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.