Isthmus Partners LLC Buys 35,652 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Isthmus Partners LLC raised its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 99.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,411 shares of the company’s stock after purchasing an additional 35,652 shares during the quarter. Isthmus Partners LLC’s holdings in Papa Johns International were worth $2,933,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its holdings 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 buying an additional 450 shares during the last quarter. US Bancorp DE lifted its stake in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Papa Johns International by 111.9% during the 4th 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 last quarter. Nwam LLC bought a new stake in shares of Papa Johns International in the 3rd quarter valued at about $210,000. Finally, AlphaQuest LLC acquired a new stake in Papa Johns International in the 4th quarter valued at about $190,000.

Wall Street Analyst Weigh In

PZZA has been the subject of a number of recent analyst reports. Loop Capital cut their price objective on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. 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 report on Tuesday, January 7th. Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Eight investment 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 presently has a consensus rating of “Hold” and an average target price of $55.67.

Papa Johns International Trading Up 3.2 %

Shares of PZZA stock opened at $47.99 on Monday. The stock has a market cap of $1.57 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. Papa Johns International, Inc. has a 1 year low of $35.28 and a 1 year high of $72.88. The stock has a 50 day simple moving average of $42.15 and a 200 day simple moving average of $46.76.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Monday, February 10th. Papa Johns International’s dividend payout ratio (DPR) 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.