Papa Johns International, Inc. (NASDAQ:PZZA) Holdings Reduced by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 59.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,100 shares of the company's stock after selling 11,900 shares during the quarter. Canada Pension Plan Investment Board's holdings in Papa Johns International were worth $333,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Irth Capital Management LP acquired a new stake in Papa Johns International in the fourth quarter valued at approximately $66,883,000. Arrowstreet Capital Limited Partnership grew its holdings in Papa Johns International by 117.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock valued at $45,933,000 after purchasing an additional 603,650 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock worth $23,670,000 after buying an additional 327,300 shares during the period. Raymond James Financial Inc. purchased a new stake in Papa Johns International during the 4th quarter worth $5,647,000. Finally, Sei Investments Co. lifted its holdings in Papa Johns International by 7.3% in the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after buying an additional 102,128 shares in the last quarter.

Papa Johns International Stock Up 0.3 %

PZZA stock traded up $0.12 during midday trading on Thursday, reaching $34.65. The company had a trading volume of 151,609 shares, compared to its average volume of 1,245,049. The firm has a market capitalization of $1.13 billion, a PE ratio of 12.09, a P/E/G ratio of 2.41 and a beta of 1.25. The stock has a 50 day moving average price of $39.61 and a 200 day moving average price of $43.56. Papa Johns International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $61.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PZZA. Benchmark dropped their target price on Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Northcoast Research raised Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. UBS Group decreased their price target on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Wedbush reissued an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Papa Johns International presently has an average rating of "Hold" and a consensus target price of $53.00.

About Papa Johns International

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.