7,892 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Bought by Norges Bank

Norges Bank bought 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 Securities and Exchange Commission. The fund bought 7,892 shares of the company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in 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 acquiring an additional 450 shares in the last quarter. Atlas Brown Inc. boosted its position in shares of Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock worth $429,000 after purchasing an additional 546 shares in the last quarter. KBC Group NV boosted its position in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company's stock worth $273,000 after purchasing an additional 551 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after buying an additional 717 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Papa Johns International by 15.8% during the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock valued at $223,000 after buying an additional 740 shares in the last quarter.

Papa Johns International Price Performance

Shares of PZZA stock traded down $0.09 during mid-day trading on Thursday, hitting $30.95. The company had a trading volume of 162,602 shares, compared to its average volume of 1,568,369. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.41 and a beta of 1.25. The stock's 50 day moving average price is $42.47 and its 200-day moving average price is $44.84. Papa Johns International, Inc. has a 52-week low of $30.20 and a 52-week high of $64.67.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date was Monday, February 10th. Papa Johns International's payout ratio is 73.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PZZA shares. Jefferies Financial Group dropped their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, February 28th. Stifel Nicolaus cut their target price 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. UBS Group reduced their price target on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Stephens reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $55.08.

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.