T. Rowe Price Investment Management Inc. Sells 357,015 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

T. Rowe Price Investment Management Inc. lessened its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,953,226 shares of the company's stock after selling 357,015 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 9.05% of Papa Johns International worth $121,289,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PZZA shares. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Jefferies Financial Group cut their target price 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. Wedbush reissued an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. Finally, UBS Group lowered 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. Seven 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, the company presently has a consensus rating of "Hold" and a consensus target price of $53.00.

Papa Johns International Stock Performance

Shares of PZZA stock traded up $0.04 during trading on Wednesday, hitting $33.76. 245,962 shares of the company were exchanged, compared to its average volume of 1,244,612. The business's 50-day simple moving average is $39.87 and its 200 day simple moving average is $43.63. Papa Johns International, Inc. has a twelve month low of $30.16 and a twelve month high of $62.90. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 2.41 and a beta of 1.25.

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.