Papa Johns International (NASDAQ:PZZA) Price Target Cut to $40.00 by Analysts at Stifel Nicolaus

Papa Johns International (NASDAQ:PZZA) had its target price decreased by Stifel Nicolaus from $45.00 to $40.00 in a report issued on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts have also weighed in on PZZA. Northcoast Research raised Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. UBS Group dropped their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, February 28th. Loop Capital decreased their price objective 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. Finally, Jefferies Financial Group lowered their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.25.

Papa Johns International Price Performance

PZZA stock opened at $40.79 on Wednesday. The company has a 50 day moving average price of $43.43 and a 200 day moving average price of $46.50. The stock has a market capitalization of $1.33 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International 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 declared 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 annualized dividend and a yield of 4.51%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) is presently 73.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB raised its holdings in shares of 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 during the period. CIBC Private Wealth Group LLC bought a new stake in Papa Johns International in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after buying an additional 717 shares during the period. New Age Alpha Advisors LLC acquired a new position in Papa Johns International during the 4th quarter worth approximately $58,000. Finally, State of Wyoming bought a new position in Papa Johns International in the fourth quarter worth approximately $87,000.

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.