Institutional investors purchased a net $254.1 thousand shares of PZZA during the quarter ended December 2012. This may signal that the smart money is gaining interest in this company as the 68.22% of shares outstanding that institutional investors hold is actually below the Restaurants industry average.
| Mutual fund holders | 43.72% |
| Individual stakeholders | 29.83% |
| Other institutional | 24.51% |