Papa Johns International, Inc. (NASDAQ:PZZA) Position Increased by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 124.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,694 shares of the company's stock after purchasing an additional 300,138 shares during the period. Papa Johns International accounts for approximately 0.6% of Boothbay Fund Management LLC's holdings, making the stock its 21st biggest position. Boothbay Fund Management LLC owned approximately 1.66% of Papa Johns International worth $22,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PZZA. Two Sigma Securities LLC boosted its stake in Papa Johns International by 98.8% during the 4th quarter. Two Sigma Securities LLC now owns 8,960 shares of the company's stock valued at $368,000 after purchasing an additional 4,452 shares in the last quarter. Nebula Research & Development LLC bought a new position in Papa Johns International during the 4th quarter valued at $1,310,000. Penn Capital Management Company LLC bought a new position in Papa Johns International during the 4th quarter valued at $1,785,000. Long Focus Capital Management LLC bought a new position in Papa Johns International during the 4th quarter valued at $7,393,000. Finally, Dark Forest Capital Management LP boosted its stake in Papa Johns International by 52.2% during the 4th quarter. Dark Forest Capital Management LP now owns 6,985 shares of the company's stock valued at $287,000 after purchasing an additional 2,396 shares in the last quarter.

Papa Johns International Stock Down 0.1 %

Shares of Papa Johns International stock traded down $0.04 during midday trading on Thursday, hitting $34.50. The company's stock had a trading volume of 293,764 shares, compared to its average volume of 1,497,753. The firm has a market capitalization of $1.13 billion, a P/E ratio of 12.02, a PEG ratio of 2.41 and a beta of 1.25. The stock has a 50-day simple moving average of $39.61 and a 200-day simple moving average of $43.56. Papa Johns International, Inc. has a 1-year low of $30.16 and a 1-year high of $61.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark decreased their price target on 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. Jefferies Financial Group reduced their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Northcoast Research raised Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. UBS Group reduced their price objective on 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. Finally, Stephens reissued an "overweight" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Papa Johns International currently has an average rating of "Hold" and a consensus target price of $53.00.

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.