Dark Forest Capital Management LP Has $287,000 Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Dark Forest Capital Management LP grew its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 52.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,985 shares of the company’s stock after acquiring an additional 2,396 shares during the quarter. Dark Forest Capital Management LP’s holdings in Papa Johns International were worth $287,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Papa Johns International in the third quarter valued at about $312,000. Optimist Retirement Group LLC bought a new stake in shares of Papa Johns International in the third quarter valued at about $286,000. Irth Capital Management LP bought a new stake in shares of Papa Johns International in the fourth quarter valued at about $66,883,000. Atlas Brown Inc. lifted its stake in shares of Papa Johns International by 5.5% in the fourth quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock valued at $429,000 after buying an additional 546 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in shares of Papa Johns International by 142.3% in the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company’s stock valued at $930,000 after buying an additional 13,297 shares during the period.

Papa Johns International Stock Performance

Papa Johns International stock opened at $33.71 on Tuesday. The firm has a market cap of $1.10 billion, a P/E ratio of 11.75, a P/E/G ratio of 2.41 and a beta of 1.25. The business’s fifty day moving average is $40.17 and its two-hundred day moving average is $43.70. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $64.06.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PZZA. UBS Group cut their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Benchmark decreased their price target on Papa Johns International from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Jefferies Financial Group decreased their price target on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.00.

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.