Papa Johns International (NASDAQ:PZZA) Shares Down 2.2% – Time to Sell?

Papa Johns International, Inc. (NASDAQ:PZZA) shares dropped 2.2% during mid-day trading on Monday . The stock traded as low as $43.62 and last traded at $43.73. Approximately 203,297 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,174,879 shares. The stock had previously closed at $44.72.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group lowered their target price 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. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. Northcoast Research raised shares of Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. 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. Finally, Loop Capital lowered their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.67.

Papa Johns International Stock Down 1.0 %

The company has a market capitalization of $1.31 billion, a P/E ratio of 14.07, a PEG ratio of 2.41 and a beta of 1.16. The company’s fifty day moving average price is $43.35 and its 200 day moving average price is $46.54.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 4.58%. Papa Johns International’s dividend payout ratio is 73.02%.

Institutional Investors Weigh In On Papa Johns International

A number of institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB increased its stake in shares of Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Papa Johns International during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its position in shares of Papa Johns International by 111.9% during the fourth 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 period. New Age Alpha Advisors LLC bought a new stake in Papa Johns International during the 4th quarter valued at $58,000. Finally, State of Wyoming bought a new position in shares of Papa Johns International in the fourth quarter valued at $87,000.

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.