NewEdge Wealth LLC Sells 80,653 Shares of Papa John’s International, Inc. $PZZA

NewEdge Wealth LLC trimmed its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 35.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,986 shares of the company’s stock after selling 80,653 shares during the quarter. NewEdge Wealth LLC owned about 0.45% of Papa John’s International worth $7,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PZZA. Huntington National Bank raised its position in shares of Papa John’s International by 7,600.0% during the 2nd quarter. Huntington National Bank now owns 1,001 shares of the company’s stock valued at $49,000 after buying an additional 988 shares in the last quarter. Farther Finance Advisors LLC raised its position in Papa John’s International by 22.2% during the third quarter. Farther Finance Advisors LLC now owns 1,157 shares of the company’s stock valued at $56,000 after purchasing an additional 210 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Papa John’s International during the second quarter worth about $59,000. GAMMA Investing LLC boosted its holdings in shares of Papa John’s International by 41.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,702 shares of the company’s stock worth $82,000 after purchasing an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Papa John’s International by 342.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company’s stock worth $85,000 after purchasing an additional 1,368 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PZZA shares. UBS Group restated a “neutral” rating and issued a $42.00 target price on shares of Papa John’s International in a research report on Monday, November 10th. Stephens reduced their price target on shares of Papa John’s International from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Zacks Research upgraded shares of Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Papa John’s International in a research note on Monday, December 29th. Finally, Mizuho reduced their target price on shares of Papa John’s International from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Papa John’s International currently has a consensus rating of “Hold” and an average target price of $49.44.

Papa John’s International Trading Down 0.8%

PZZA stock opened at $32.58 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.69 and a beta of 1.20. The firm’s 50-day moving average price is $37.03 and its two-hundred day moving average price is $42.81. Papa John’s International, Inc. has a 12-month low of $30.16 and a 12-month high of $55.74.

Papa John’s International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 9th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, February 9th. Papa John’s International’s payout ratio is presently 164.29%.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.