Papa Johns International, Inc. (NASDAQ:PZZA) Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,029 shares of the company's stock after selling 16,863 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.45% of Papa Johns International worth $6,080,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Stifel Financial Corp grew its holdings in shares of Papa Johns International by 39.4% during the third quarter. Stifel Financial Corp now owns 12,157 shares of the company's stock valued at $655,000 after purchasing an additional 3,433 shares during the last quarter. MML Investors Services LLC acquired a new stake in Papa Johns International in the third quarter worth $266,000. Virtu Financial LLC bought a new stake in Papa Johns International in the third quarter valued at $312,000. Optimist Retirement Group LLC bought a new stake in Papa Johns International in the third quarter valued at $286,000. Finally, Irth Capital Management LP acquired a new position in shares of Papa Johns International during the fourth quarter valued at $66,883,000.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA traded up $0.29 during trading on Friday, hitting $33.48. The company had a trading volume of 764,414 shares, compared to its average volume of 1,245,431. The company has a market cap of $1.10 billion, a P/E ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. The business's 50-day moving average is $40.47 and its 200 day moving average is $43.88. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $64.15.

Analyst Upgrades and Downgrades

Several brokerages 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 report on Friday, February 28th. Stifel Nicolaus cut their price target on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Northcoast Research raised Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Stephens restated an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, UBS Group decreased their price target 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. Seven 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 a consensus rating of "Hold" and a consensus price target 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.