Papa Johns International, Inc. Declares Quarterly Dividend of $0.46 (NASDAQ:PZZA)

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 annualized dividend and a yield of 3.51%.

Papa Johns International has increased its dividend payment by an average of 25.1% annually over the last three years. Papa Johns International has a payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Papa Johns International to earn $2.56 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 71.9%.

Papa Johns International Price Performance

Shares of NASDAQ:PZZA traded down $0.72 during trading on Tuesday, reaching $52.36. The stock had a trading volume of 322,998 shares, compared to its average volume of 977,376. The stock has a market capitalization of $1.73 billion, a PE ratio of 23.27, a P/E/G ratio of 3.23 and a beta of 1.20. Papa Johns International has a 52 week low of $39.90 and a 52 week high of $78.67. The business's 50-day moving average price is $50.12 and its 200 day moving average price is $49.55.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company had revenue of $507.89 million for the quarter, compared to analysts' expectations of $520.13 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. Analysts forecast that Papa Johns International will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PZZA. KeyCorp dropped their target price on shares of Papa Johns International from $64.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Piper Sandler reduced their price objective on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Bank of America increased their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. BMO Capital Markets dropped their target price on Papa Johns International from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Papa Johns International from $58.00 to $45.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Papa Johns International Company 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.