Allspring Global Investments Holdings LLC Has $2.04 Million Stock Holdings in Papa John's International, Inc. (NASDAQ:PZZA)

Allspring Global Investments Holdings LLC lifted its stake in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 117.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,084 shares of the company's stock after buying an additional 26,505 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Papa John's International worth $2,040,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC acquired a new position in shares of Papa John's International during the fourth quarter worth about $30,000. Jones Financial Companies Lllp lifted its holdings in shares of Papa John's International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after purchasing an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Papa John's International in the fourth quarter valued at about $58,000. State of Wyoming purchased a new position in shares of Papa John's International during the fourth quarter valued at approximately $87,000. Finally, GAMMA Investing LLC increased its position in Papa John's International by 506.3% during the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock worth $87,000 after purchasing an additional 1,772 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $50.00 price objective on shares of Papa John's International in a research report on Monday, May 12th. Loop Capital lowered their price target on shares of Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group lowered their price target on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stephens reaffirmed an "overweight" rating and set a $50.00 price target on shares of Papa John's International in a report on Thursday, June 12th. Finally, Stifel Nicolaus lowered their price target on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $51.25.

Papa John's International Trading Down 0.1%

NASDAQ:PZZA traded down $0.03 during mid-day trading on Wednesday, hitting $48.28. The stock had a trading volume of 38,625 shares, compared to its average volume of 1,253,295. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 4.32 and a beta of 1.19. The company has a 50 day simple moving average of $44.69 and a 200-day simple moving average of $41.80. Papa John's International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $518.31 million for the quarter, compared to analysts' expectations of $512.48 million. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. Papa John's International's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. As a group, equities research analysts anticipate that Papa John's International, Inc. will post 2.19 earnings per share for the current year.

Papa John's International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 3.81%. Papa John's International's dividend payout ratio is presently 78.30%.

About Papa John's 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.