Papa Johns International, Inc. (NASDAQ:PZZA) Position Lessened by First Hawaiian Bank

First Hawaiian Bank cut its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 42.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,765 shares of the company's stock after selling 8,779 shares during the period. First Hawaiian Bank's holdings in Papa Johns International were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in Papa Johns International during the fourth quarter worth about $559,000. Raymond James Financial Inc. acquired a new position in shares of Papa Johns International in the 4th quarter worth approximately $5,647,000. Sei Investments Co. raised its holdings in shares of 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 purchasing an additional 102,128 shares in the last quarter. Wellington Management Group LLP lifted its stake in Papa Johns International by 31.8% during the fourth quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock valued at $15,923,000 after purchasing an additional 93,561 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Papa Johns International by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company's stock worth $16,011,000 after buying an additional 59,404 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital dropped their price target on Papa Johns International from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark restated a "buy" rating and issued a $50.00 target price on shares of Papa Johns International in a report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and set a $50.00 target price on shares of Papa Johns International in a research report on Thursday, May 8th. UBS Group decreased their price target on Papa Johns International from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Northcoast Research raised Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.25.

Papa Johns International Stock Performance

NASDAQ:PZZA traded up $0.08 during trading hours on Tuesday, hitting $46.39. 835,503 shares of the company's stock traded hands, compared to its average volume of 1,222,644. The firm has a market cap of $1.52 billion, a P/E ratio of 16.16, a P/E/G ratio of 2.41 and a beta of 1.09. Papa Johns International, Inc. has a twelve month low of $30.16 and a twelve month high of $60.75. The stock's fifty day moving average price is $37.18 and its two-hundred day moving average price is $41.40.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $518.31 million for the quarter, compared to analysts' expectations of $512.48 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities research analysts predict that Papa Johns International, Inc. will post 2.19 earnings per share for the current year.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Monday, May 19th. Papa Johns International's payout ratio is presently 78.30%.

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.