Winebrenner Capital Management LLC Buys New Shares in Papa Johns International, Inc. (NASDAQ:PZZA)

Winebrenner Capital Management LLC purchased a new position in Papa Johns International, Inc. (NASDAQ:PZZA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,002 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors have also recently made changes to their positions in the company. Irth Capital Management LP bought a new position in shares of Papa Johns International during the 4th quarter valued at approximately $66,883,000. River Road Asset Management LLC boosted its position in shares of Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after purchasing an additional 1,070,485 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Papa Johns International in the third quarter worth $15,845,000. Stephens Investment Management Group LLC raised its position in shares of Papa Johns International by 19.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after purchasing an additional 176,470 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Papa Johns International during the 3rd quarter valued at $7,870,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PZZA shares. UBS Group cut their price target 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 reissued an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Friday, February 14th. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Loop Capital cut 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 report on Tuesday, January 21st. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.67.

Papa Johns International Stock Down 1.5 %

Papa Johns International stock opened at $47.72 on Friday. The company’s 50-day moving average price is $40.86 and its 200-day moving average price is $46.63. The company has a market cap of $1.56 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. Papa Johns International, Inc. has a twelve month low of $35.28 and a twelve month high of $76.91.

Papa Johns International Announces Dividend

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 3.86%. The ex-dividend date of this dividend was Monday, February 10th. Papa Johns International’s payout ratio is 64.11%.

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.