Papa Johns International (NASDAQ:PZZA) Announces Earnings Results

Papa Johns International (NASDAQ:PZZA - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.01, Briefing.com reports. The business had revenue of $506.80 million during the quarter, compared to analysts' expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS.

Papa Johns International Price Performance

Shares of PZZA stock traded down $0.44 during mid-day trading on Friday, hitting $55.09. The stock had a trading volume of 1,193,654 shares, compared to its average volume of 990,330. The firm has a market cap of $1.80 billion, a PE ratio of 19.20, a PEG ratio of 3.66 and a beta of 1.19. The company's 50-day simple moving average is $51.52 and its 200-day simple moving average is $49.17. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.34%. Papa Johns International's payout ratio is currently 64.11%.

Analyst Upgrades and Downgrades

PZZA has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a research 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 report on Tuesday, October 22nd. Stephens reaffirmed an "overweight" rating and issued a $62.00 price target on shares of Papa Johns International in a report on Thursday. KeyCorp dropped their price target on shares of Papa Johns International from $64.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets dropped their target price on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a research 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 company. Based on data from MarketBeat, Papa Johns International currently has an average rating of "Moderate Buy" and an average price target of $60.82.

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.