26,624 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Bought by Bastion Asset Management Inc.

Bastion Asset Management Inc. purchased a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,624 shares of the company's stock, valued at approximately $1,087,000. Bastion Asset Management Inc. owned about 0.08% of Papa Johns International as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Papa Johns International in the 3rd quarter worth approximately $312,000. Atlas Brown Inc. grew its holdings in shares of Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock worth $429,000 after acquiring an additional 546 shares during the period. Moody National Bank Trust Division increased its position in Papa Johns International by 142.3% during the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock valued at $930,000 after acquiring an additional 13,297 shares during the last quarter. Inspire Investing LLC lifted its holdings in Papa Johns International by 27.4% in the fourth quarter. Inspire Investing LLC now owns 9,711 shares of the company's stock valued at $399,000 after acquiring an additional 2,088 shares during the period. Finally, Blue Trust Inc. boosted its position in Papa Johns International by 15.8% in the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock worth $223,000 after purchasing an additional 740 shares during the last quarter.

Papa Johns International Stock Performance

PZZA stock traded down $0.51 during trading on Wednesday, hitting $33.31. 1,129,238 shares of the company's stock traded hands, compared to its average volume of 1,250,475. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 2.41 and a beta of 1.09. The business has a fifty day simple moving average of $38.33 and a 200 day simple moving average of $42.93.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 5.52%. Papa Johns International's dividend payout ratio is currently 73.02%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PZZA. Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Northcoast Research raised Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Jefferies Financial Group decreased their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Loop Capital lowered their price objective on Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International presently has an average rating of "Hold" and a consensus target price of $52.42.

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.