Wellington Management Group LLP Boosts Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Wellington Management Group LLP grew its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,699 shares of the company's stock after acquiring an additional 93,561 shares during the quarter. Wellington Management Group LLP owned about 1.19% of Papa Johns International worth $15,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PZZA. Wealthfront Advisers LLC acquired a new position in Papa Johns International during the 4th quarter valued at approximately $559,000. Raymond James Financial Inc. purchased a new stake in shares of Papa Johns International during the fourth quarter valued at $5,647,000. Sei Investments Co. grew its holdings in shares of Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after buying an additional 102,128 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Papa Johns International by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company's stock valued at $16,011,000 after acquiring an additional 59,404 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Papa Johns International in the 4th quarter worth $320,000.

Analysts Set New Price Targets

PZZA has been the topic of a number of research reports. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. UBS Group dropped their target price on Papa Johns International from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Stephens reissued an "overweight" rating and set a $50.00 price target on shares of Papa Johns International in a research report on Thursday, May 8th. Loop Capital decreased their price objective on shares of Papa Johns International from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Benchmark reiterated a "buy" rating and issued a $50.00 price objective on shares of Papa Johns International in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $51.25.

Papa Johns International Stock Performance

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

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

Papa Johns International Announces Dividend

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