13,617 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,617 shares of the company’s stock, valued at approximately $559,000.

Several other institutional investors have also added to or reduced their stakes in the company. Irth Capital Management LP purchased a new position in Papa Johns International during the 4th quarter valued at approximately $66,883,000. Stephens Investment Management Group LLC grew its holdings in Papa Johns International by 6.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock valued at $47,506,000 after buying an additional 64,972 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Papa Johns International by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company’s stock valued at $16,011,000 after buying an additional 59,404 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Papa Johns International by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company’s stock valued at $15,766,000 after buying an additional 5,216 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Papa Johns International during the 3rd quarter valued at approximately $15,845,000.

Papa Johns International Stock Performance

Shares of PZZA stock opened at $43.36 on Monday. Papa Johns International, Inc. has a 52-week low of $35.28 and a 52-week high of $72.23. The firm has a market capitalization of $1.42 billion, a P/E ratio of 15.11, a P/E/G ratio of 2.41 and a beta of 1.16. The stock has a 50 day moving average price of $42.49 and a 200 day moving average price of $46.68.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is presently 73.02%.

Analyst Ratings Changes

Several equities analysts have weighed in on PZZA shares. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a report on Monday, March 3rd. UBS Group dropped their target price on 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 reiterated an “outperform” rating and issued a $60.00 target price 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 assigned a buy rating to the company. According to MarketBeat.com, Papa Johns International presently has a consensus rating of “Hold” and a consensus target price of $55.67.

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.