Raymond James Financial Inc. Makes New Investment in Papa Johns International, Inc. (NASDAQ:PZZA)

Raymond James Financial Inc. bought a new stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 137,502 shares of the company's stock, valued at approximately $5,647,000. Raymond James Financial Inc. owned 0.42% of Papa Johns International as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB boosted its stake in shares of Papa Johns International by 300.0% during the 4th 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. CIBC Private Wealth Group LLC purchased a new stake in shares of Papa Johns International in the 4th quarter worth about $30,000. Jones Financial Companies Lllp raised its position in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Papa Johns International in the 4th quarter worth approximately $58,000. Finally, Meeder Asset Management Inc. acquired a new position in Papa Johns International in the 4th quarter valued at $164,000.

Papa Johns International Stock Up 2.4 %

PZZA traded up $0.81 during trading on Wednesday, reaching $34.53. The stock had a trading volume of 876,739 shares, compared to its average volume of 1,249,329. Papa Johns International, Inc. has a 1-year low of $30.16 and a 1-year high of $61.86. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The stock has a 50 day moving average of $39.61 and a two-hundred day moving average of $43.56.

Analyst Ratings Changes

Several research firms recently commented on PZZA. Northcoast Research upgraded Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Benchmark lowered their target price on shares of Papa Johns International from $65.00 to $50.00 and set a "buy" rating for the company in a report on Monday, April 21st. UBS Group dropped 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. Jefferies Financial Group decreased their price target on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Seven 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 company presently has a consensus rating of "Hold" and an average target price of $53.00.

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.