Wealthfront Advisers LLC purchased a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA – Free Report) 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
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.
View Our Latest Report on PZZA
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.
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