Avantax Advisory Services Inc. Decreases Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Avantax Advisory Services Inc. decreased its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,584 shares of the company’s stock after selling 7,005 shares during the period. Avantax Advisory Services Inc.’s holdings in Papa Johns International were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PZZA. Wilmington Savings Fund Society FSB increased its stake 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 worth $25,000 after buying an additional 450 shares during the period. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 717 shares in the last quarter. Nwam LLC acquired a new stake in shares of Papa Johns International in the 3rd quarter worth $210,000. AlphaQuest LLC purchased a new position in Papa Johns International during the 4th quarter worth $190,000. Finally, MML Investors Services LLC acquired a new position in Papa Johns International during the 3rd quarter valued at about $266,000.

Analyst Ratings Changes

Several brokerages have weighed in on PZZA. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Jefferies Financial Group decreased their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Finally, 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.67.

Papa Johns International Stock Performance

Shares of PZZA stock opened at $44.72 on Friday. The stock’s fifty day moving average is $43.18 and its two-hundred day moving average is $46.64. The firm 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, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $68.66.

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is 73.02%.

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.