421,925 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 421,925 shares of the company's stock, valued at approximately $17,328,000. Point72 Asset Management L.P. owned approximately 1.29% of Papa Johns International as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PZZA. Wealthfront Advisers LLC bought a new position in Papa Johns International during the 4th quarter valued at about $559,000. Raymond James Financial Inc. acquired a new stake in shares of Papa Johns International during the fourth quarter worth approximately $5,647,000. Sei Investments Co. raised its stake in shares of Papa Johns International by 7.3% in the fourth 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. Wellington Management Group LLP boosted its holdings in shares of Papa Johns International by 31.8% in the 4th quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock worth $15,923,000 after acquiring an additional 93,561 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Papa Johns International by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 389,837 shares of the company's stock worth $16,011,000 after acquiring an additional 59,404 shares during the last quarter.

Papa Johns International Trading Down 3.0%

Shares of NASDAQ:PZZA traded down $1.30 during midday trading on Friday, hitting $41.23. The company had a trading volume of 147,365 shares, compared to its average volume of 1,225,694. Papa Johns International, Inc. has a 12 month low of $30.16 and a 12 month high of $60.75. The firm has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $42.00. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.41 and a beta of 1.09.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued 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 firm 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 company's revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. Equities 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 will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Monday, May 19th. Papa Johns International's dividend payout ratio is currently 78.30%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Loop Capital cut their price objective on 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. Stephens restated an "overweight" rating and issued a $50.00 target price on shares of Papa Johns International in a research note on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, February 28th. Benchmark reissued a "buy" rating and set a $50.00 price objective on shares of Papa Johns International in a report on Monday, May 12th. Finally, Stifel Nicolaus lowered their price objective 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.25.

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.