Boothbay Fund Management LLC Purchases 300,138 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Boothbay Fund Management LLC grew its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 124.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 540,694 shares of the company’s stock after purchasing an additional 300,138 shares during the quarter. Papa Johns International makes up 0.6% of Boothbay Fund Management LLC’s holdings, making the stock its 21st biggest holding. Boothbay Fund Management LLC owned approximately 1.66% of Papa Johns International worth $22,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PZZA. Irth Capital Management LP bought a new stake in Papa Johns International during the 4th quarter worth approximately $66,883,000. Sei Investments Co. lifted its holdings in shares of Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock worth $61,635,000 after purchasing an additional 102,128 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company’s stock worth $47,506,000 after purchasing an additional 64,972 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Papa Johns International by 117.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company’s stock valued at $45,933,000 after purchasing an additional 603,650 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Papa Johns International by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 591,937 shares of the company’s stock worth $24,310,000 after purchasing an additional 15,513 shares during the last quarter.

Papa Johns International Price Performance

Shares of Papa Johns International stock opened at $33.48 on Friday. The business has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $43.88. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a one year low of $30.16 and a one year high of $64.15.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PZZA shares. UBS Group reduced their price target 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. Stifel Nicolaus decreased their target price on shares of Papa Johns International from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Benchmark decreased their price objective on shares of Papa Johns International from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Papa Johns International has an average rating of “Hold” and an average price target of $53.00.

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.