Invesco Ltd. Has $5.58 Million Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Invesco Ltd. raised its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,958 shares of the company’s stock after acquiring an additional 11,888 shares during the quarter. Invesco Ltd. owned approximately 0.42% of Papa Johns International worth $5,584,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in Papa Johns International by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 201,505 shares of the company’s stock valued at $8,276,000 after buying an additional 1,576 shares during the period. Savoir Faire Capital Management L.P. grew its holdings in shares of Papa Johns International by 43.1% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 122,087 shares of the company’s stock valued at $5,014,000 after acquiring an additional 36,780 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Papa Johns International in the fourth quarter worth $837,000. Cinctive Capital Management LP purchased a new stake in shares of Papa Johns International during the fourth quarter worth $555,000. Finally, Bryce Point Capital LLC acquired a new stake in Papa Johns International during the fourth quarter valued at $568,000.

Wall Street Analyst Weigh In

PZZA has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. UBS Group dropped their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Benchmark reduced their price objective on shares of 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. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Papa Johns International currently has an average rating of “Hold” and a consensus target price of $53.00.

Papa Johns International Stock Up 0.9 %

Shares of NASDAQ:PZZA opened at $33.48 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. The business has a 50 day moving average price of $40.47 and a 200 day moving average price of $43.88. Papa Johns International, Inc. has a twelve month low of $30.16 and a twelve month high of $64.15.

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.