Nebula Research & Development LLC Buys Shares of 31,892 Papa Johns International, Inc. (NASDAQ:PZZA)

Nebula Research & Development LLC purchased a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,892 shares of the company's stock, valued at approximately $1,310,000. Nebula Research & Development LLC owned approximately 0.10% of Papa Johns International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in Papa Johns International in the 3rd quarter worth $312,000. Optimist Retirement Group LLC purchased a new position in shares of Papa Johns International in the third quarter worth about $286,000. Irth Capital Management LP acquired a new stake in shares of Papa Johns International during the fourth quarter worth about $66,883,000. Atlas Brown Inc. boosted its position in Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock valued at $429,000 after buying an additional 546 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its position in Papa Johns International by 142.3% in the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock valued at $930,000 after buying an additional 13,297 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PZZA. Wedbush restated an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus reduced their price target on 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.00.

Papa Johns International Stock Up 3.4 %

Shares of PZZA stock traded up $1.16 during trading hours on Friday, hitting $35.76. 524,910 shares of the company's stock were exchanged, compared to its average volume of 1,489,398. Papa Johns International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $61.32. The firm has a market cap of $1.17 billion, a P/E ratio of 12.46, a P/E/G ratio of 2.41 and a beta of 1.25. The firm has a 50 day moving average of $39.33 and a two-hundred day moving average of $43.46.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 5.15%. Papa Johns International's payout ratio is 73.02%.

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.