Teca Partners LP reduced its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,500 shares of the company’s stock after selling 3,700 shares during the period. Papa John’s International accounts for about 4.8% of Teca Partners LP’s holdings, making the stock its 10th biggest position. Teca Partners LP owned about 0.15% of Papa John’s International worth $4,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new stake in Papa John’s International in the 4th quarter worth approximately $25,000. Parallel Advisors LLC grew its stake in Papa John’s International by 1,752.6% in the 1st quarter. Parallel Advisors LLC now owns 352 shares of the company’s stock worth $26,000 after acquiring an additional 333 shares during the period. Park Place Capital Corp purchased a new stake in Papa John’s International in the 1st quarter worth approximately $27,000. Lazard Asset Management LLC purchased a new stake in Papa John’s International in the 4th quarter worth approximately $34,000. Finally, State of Wyoming grew its stake in Papa John’s International by 22.1% in the 4th quarter. State of Wyoming now owns 807 shares of the company’s stock worth $66,000 after acquiring an additional 146 shares during the period.
Papa John’s International Trading Down 0.9 %
Shares of Papa John’s International stock opened at $76.59 on Friday. Papa John’s International, Inc. has a twelve month low of $66.74 and a twelve month high of $97.78. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a fifty day moving average price of $78.50 and a 200 day moving average price of $77.15.
Papa John’s International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a $0.46 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.84 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.42. Papa John’s International’s payout ratio is currently 88.46%.
Analyst Upgrades and Downgrades
Several analysts have commented on PZZA shares. Piper Sandler initiated coverage on shares of Papa John’s International in a research note on Tuesday, June 13th. They issued a “neutral” rating and a $77.00 target price for the company. OTR Global raised shares of Papa John’s International to a “positive” rating in a research note on Thursday, July 20th. Bank of America boosted their price objective on shares of Papa John’s International from $99.00 to $106.00 in a research note on Friday, July 21st. Benchmark reissued a “buy” rating and set a $95.00 price objective on shares of Papa John’s International in a research note on Monday, August 7th. Finally, 58.com reissued an “initiates” rating on shares of Papa John’s International in a research note on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Papa John’s International has a consensus rating of “Moderate Buy” and a consensus price target of $92.17.
Read Our Latest Stock Report on Papa John’s International
Papa John’s International Company Profile
Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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