Segall Bryant & Hamill LLC Raises Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC raised its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 131.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,329 shares of the company’s stock after purchasing an additional 327,300 shares during the period. Segall Bryant & Hamill LLC owned 1.77% of Papa Johns International worth $23,670,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB raised its position 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 purchasing an additional 450 shares during the last quarter. Atlas Brown Inc. boosted its stake in shares of Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock worth $429,000 after acquiring an additional 546 shares during the last quarter. KBC Group NV boosted its stake in shares of Papa Johns International by 9.1% in the fourth quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after acquiring an additional 551 shares during the last quarter. Jones Financial Companies Lllp increased 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 in the last quarter. Finally, Blue Trust Inc. raised its stake in Papa Johns International by 15.8% in the 4th quarter. Blue Trust Inc. now owns 5,425 shares of the company’s stock valued at $223,000 after purchasing an additional 740 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PZZA shares. Jefferies Financial Group lowered their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Loop Capital dropped their price objective on shares of 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. Northcoast Research raised shares of Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Seven investment 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 stock presently has an average rating of “Hold” and an average target price of $55.67.

Papa Johns International Stock Performance

Shares of PZZA stock opened at $43.62 on Tuesday. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $68.66. The company has a 50 day moving average price of $43.30 and a 200 day moving average price of $46.59. The stock has a market capitalization of $1.42 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Monday, February 10th. Papa Johns International’s payout ratio is currently 73.02%.

Papa Johns International Company 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.