Stifel Nicolaus Issues Pessimistic Forecast for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA - Free Report) had its price target decreased by Stifel Nicolaus from $40.00 to $38.00 in a research note published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research analysts also recently commented on the stock. Loop Capital decreased their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group reduced their target price on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Wedbush reissued an "outperform" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Papa Johns International currently has an average rating of "Hold" and a consensus price target of $55.08.

Papa Johns International Stock Performance

NASDAQ PZZA traded up $0.12 during trading hours on Tuesday, hitting $31.16. 805,044 shares of the company traded hands, compared to its average volume of 1,241,376. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International has a twelve month low of $30.20 and a twelve month high of $64.67. The business's 50-day moving average is $42.11 and its 200-day moving average is $44.47.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio (DPR) is presently 73.02%.

Institutional Trading of Papa Johns International

A number of institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Papa Johns International during the 1st quarter valued at about $509,000. Exchange Traded Concepts LLC bought a new stake in shares of Papa Johns International in the 1st quarter valued at $230,000. GAMMA Investing LLC lifted its position in shares of Papa Johns International by 506.3% during the 1st quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock valued at $87,000 after acquiring an additional 1,772 shares during the period. Rhumbline Advisers raised its holdings in shares of Papa Johns International by 1.1% during the first quarter. Rhumbline Advisers now owns 102,399 shares of the company's stock valued at $4,207,000 after purchasing an additional 1,148 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of Papa Johns International by 26.5% during the 1st quarter. Moody National Bank Trust Division now owns 28,638 shares of the company's stock worth $1,176,000 after purchasing an additional 5,994 shares in the last quarter.

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.