Millennium Management LLC Has $3 Million Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Millennium Management LLC trimmed its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 88.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,921 shares of the company's stock after selling 559,000 shares during the period. Millennium Management LLC owned about 0.22% of Papa Johns International worth $2,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Papa Johns International by 117.3% during the fourth 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 during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock valued at $23,670,000 after buying an additional 327,300 shares in the last quarter. Boothbay Fund Management LLC lifted its stake in shares of Papa Johns International by 124.8% during the 4th quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock valued at $22,206,000 after buying an additional 300,138 shares in the last quarter. Long Focus Capital Management LLC purchased a new position in shares of Papa Johns International during the 4th quarter valued at $7,393,000. Finally, Deprince Race & Zollo Inc. lifted its stake in Papa Johns International by 14.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company's stock worth $55,812,000 after purchasing an additional 173,316 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reiterated a "buy" rating and set a $50.00 price target on shares of Papa Johns International in a report on Monday, May 12th. Loop Capital lowered their price target on shares of Papa Johns International from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Stephens reissued an "overweight" rating and set a $50.00 target price on shares of Papa Johns International in a research report on Thursday, May 8th. Finally, UBS Group decreased their price target on shares of Papa Johns International from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.25.

Papa Johns International Trading Up 0.5%

Papa Johns International stock traded up $0.25 during mid-day trading on Tuesday, reaching $46.56. The company's stock had a trading volume of 390,353 shares, compared to its average volume of 1,220,999. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.41 and a beta of 1.09. The business has a 50 day moving average price of $37.18 and a 200-day moving average price of $41.40. Papa Johns International, Inc. has a twelve month low of $30.16 and a twelve month high of $60.75.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, topping 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 Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. On average, equities analysts expect that Papa Johns International, Inc. will post 2.19 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.95%. Papa Johns International's dividend payout ratio is 78.30%.

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.