Natixis Advisors LLC Sells 23,439 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Natixis Advisors LLC trimmed its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 12.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 166,598 shares of the company’s stock after selling 23,439 shares during the period. Natixis Advisors LLC’s holdings in Papa Johns International were worth $6,842,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its holdings in shares of Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after buying an additional 450 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Papa Johns International by 111.9% in the fourth 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 period. AlphaQuest LLC purchased a new stake in shares of Papa Johns International in the fourth quarter worth approximately $190,000. Nwam LLC purchased a new stake in shares of Papa Johns International in the third quarter worth approximately $210,000. Finally, Blue Trust Inc. raised its holdings in shares of Papa Johns International by 15.8% in the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock worth $223,000 after buying an additional 740 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Loop Capital reduced their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Northcoast Research upgraded Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $60.00 price objective 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 on the stock in a report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.67.

Papa Johns International Trading Down 0.9 %

Shares of NASDAQ:PZZA opened at $45.45 on Friday. Papa Johns International, Inc. has a 12-month low of $35.28 and a 12-month high of $71.71. The business’s fifty day simple moving average is $43.02 and its 200-day simple moving average is $46.66. The company has a market capitalization of $1.48 billion, a PE ratio of 15.84, a P/E/G ratio of 2.41 and a beta of 1.16.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.05%. Papa Johns International’s dividend payout ratio is presently 73.02%.

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.