New Mexico Educational Retirement Board Has $179,000 Holdings in Papa John’s Int’l, Inc. (PZZA)

New Mexico Educational Retirement Board lowered its position in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 18.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,500 shares of the company’s stock after selling 1,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Papa John’s Int’l were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Credit Suisse AG increased its stake in shares of Papa John’s Int’l by 1,565.4% in the third quarter. Credit Suisse AG now owns 563,736 shares of the company’s stock valued at $28,909,000 after purchasing an additional 529,887 shares during the period. FIL Ltd acquired a new position in shares of Papa John’s Int’l during the third quarter valued at approximately $24,598,000. Point72 Asset Management L.P. increased its stake in shares of Papa John’s Int’l by 34.5% during the third quarter. Point72 Asset Management L.P. now owns 395,419 shares of the company’s stock valued at $20,277,000 after acquiring an additional 101,376 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Papa John’s Int’l by 231.7% during the third quarter. Canada Pension Plan Investment Board now owns 222,900 shares of the company’s stock valued at $11,430,000 after acquiring an additional 155,700 shares during the period. Finally, Litespeed Management L.L.C. acquired a new position in shares of Papa John’s Int’l during the third quarter valued at approximately $10,317,000. Institutional investors own 83.36% of the company’s stock.

NASDAQ PZZA opened at $43.75 on Wednesday. Papa John’s Int’l, Inc. has a 12 month low of $38.05 and a 12 month high of $64.18. The company has a market cap of $1.38 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.45 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Monday, February 11th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.90 annualized dividend and a yield of 2.06%. Papa John’s Int’l’s dividend payout ratio (DPR) is 34.35%.

A number of research analysts recently commented on the stock. ValuEngine lowered shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. BidaskClub lowered shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research lowered shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Stifel Nicolaus lowered their price objective on shares of Papa John’s Int’l from $38.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 1st. Finally, Citigroup raised their price objective on shares of Papa John’s Int’l from $51.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.17.

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Papa John’s Int’l Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

Read More: Cost of Debt

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s Int’l, Inc. (NASDAQ:PZZA).

Institutional Ownership by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

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