Wellington Management Group LLP Purchases 93,561 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Wellington Management Group LLP raised its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 31.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 387,699 shares of the company's stock after purchasing an additional 93,561 shares during the period. Wellington Management Group LLP owned 1.19% of Papa Johns International worth $15,923,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC lifted its stake in Papa Johns International by 1.1% during the 4th quarter. Earnest Partners LLC now owns 2,589,991 shares of the company's stock valued at $106,371,000 after acquiring an additional 27,912 shares during the period. Sei Investments Co. boosted its position in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock valued at $61,635,000 after acquiring an additional 102,128 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Papa Johns International by 14.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company's stock valued at $55,812,000 after buying an additional 173,316 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after buying an additional 64,972 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in 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 worth $45,933,000 after purchasing an additional 603,650 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Stifel Nicolaus cut their price target on Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Benchmark reiterated a "buy" rating and set a $50.00 price objective on shares of Papa Johns International in a research report on Monday, May 12th. Stephens restated an "overweight" rating and issued a $50.00 price target on shares of Papa Johns International in a report on Thursday, May 8th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $51.25.

Papa Johns International Stock Up 0.9%

NASDAQ:PZZA traded up $0.42 on Thursday, hitting $47.51. The stock had a trading volume of 1,393,996 shares, compared to its average volume of 1,223,510. The business's fifty day moving average is $37.56 and its 200 day moving average is $41.47. The company has a market cap of $1.56 billion, a PE ratio of 16.55, a P/E/G ratio of 2.41 and a beta of 1.09. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $518.31 million during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.67 earnings per share. Equities analysts predict that Papa Johns International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders 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 annualized dividend and a yield of 3.87%. Papa Johns International's dividend payout ratio (DPR) is presently 78.30%.

Papa Johns International 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.