LPL Financial LLC Purchases 8,023 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

LPL Financial LLC lifted its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 170.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,727 shares of the company's stock after acquiring an additional 8,023 shares during the period. LPL Financial LLC's holdings in Papa Johns International were worth $523,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PZZA. Wilmington Savings Fund Society FSB raised its holdings in shares of Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Papa Johns International in the fourth quarter valued at about $190,000. MML Investors Services LLC purchased a new stake in shares of Papa Johns International in the third quarter valued at approximately $266,000. Finally, Optimist Retirement Group LLC purchased a new position in shares of Papa Johns International during the 3rd quarter worth $286,000.

Analysts Set New Price Targets

Several research firms recently issued reports on PZZA. Stephens reissued an "overweight" rating and set a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. UBS Group cut their target price on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Loop Capital reduced their target price on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Benchmark decreased their price target on Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.00.

Papa Johns International Price Performance

Papa Johns International stock traded up $0.81 during mid-day trading on Wednesday, hitting $34.53. The company's stock had a trading volume of 876,739 shares, compared to its average volume of 1,249,329. The company has a market cap of $1.13 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a 52-week low of $30.16 and a 52-week high of $61.86. The firm's 50 day moving average is $39.61 and its 200 day moving average is $43.56.

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.