Savoir Faire Capital Management L.P. Has $5.01 Million Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Savoir Faire Capital Management L.P. increased its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 43.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,087 shares of the company’s stock after acquiring an additional 36,780 shares during the period. Papa Johns International comprises 2.4% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 17th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Papa Johns International were worth $5,014,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB increased its holdings in 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 in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Papa Johns International during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in 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 buying an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Papa Johns International in the 4th quarter valued at $58,000. Finally, Meeder Asset Management Inc. bought a new position in Papa Johns International during the 4th quarter valued at $164,000.

Analyst Ratings Changes

Several research firms have recently issued reports on PZZA. Jefferies Financial Group reduced their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. UBS Group cut their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Finally, Northcoast Research raised Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.25.

Papa Johns International Stock Performance

PZZA stock opened at $41.01 on Friday. The stock has a fifty day moving average of $43.89 and a 200-day moving average of $46.20. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $66.42. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.41 and a beta of 1.25.

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 annualized dividend and a dividend yield of 4.49%. Papa Johns International’s payout ratio is 73.02%.

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.