Papa Johns International (NASDAQ:PZZA) Sets New 52-Week Low After Analyst Downgrade

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday after Stifel Nicolaus lowered their price target on the stock from $40.00 to $38.00. Stifel Nicolaus currently has a hold rating on the stock. Papa Johns International traded as low as $30.31 and last traded at $31.01, with a volume of 1486544 shares trading hands. The stock had previously closed at $31.87.

A number of other equities research analysts have also commented on PZZA. UBS Group dropped 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 cut their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Wedbush restated an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Finally, Jefferies Financial Group reduced their price objective on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $55.08.

Institutional Trading of Papa Johns International

Several institutional investors have recently bought and sold shares of PZZA. Irth Capital Management LP purchased a new position in shares of Papa Johns International during the 4th quarter valued at approximately $66,883,000. Moody National Bank Trust Division raised its position in Papa Johns International by 142.3% during the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock worth $930,000 after acquiring an additional 13,297 shares during the period. Wealthfront Advisers LLC purchased a new position in Papa Johns International during the fourth quarter valued at $559,000. Raymond James Financial Inc. acquired a new stake in shares of Papa Johns International in the fourth quarter valued at about $5,647,000. Finally, Sei Investments Co. increased its stake in shares of Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after purchasing an additional 102,128 shares in the last quarter.

Papa Johns International Trading Up 0.4 %

The stock has a market cap 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. The firm's 50-day moving average is $42.11 and its two-hundred day moving average is $44.42.

Papa Johns International Dividend Announcement

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 dividend of $0.46 per share. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 5.91%. Papa Johns International's dividend payout ratio (DPR) is currently 73.02%.

Papa Johns International Company 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.