Analysts Issue Forecasts for PZZA FY2024 Earnings

Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) - Investment analysts at KeyCorp issued their FY2024 earnings estimates for shares of Papa Johns International in a research report issued on Wednesday, November 13th. KeyCorp analyst E. Gonzalez anticipates that the company will post earnings of $2.20 per share for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Papa Johns International's current full-year earnings is $2.23 per share. KeyCorp also issued estimates for Papa Johns International's Q4 2024 earnings at $0.49 EPS.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analysts' expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS.

Other analysts have also issued reports about the stock. Bank of America increased their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, August 9th. BMO Capital Markets reduced their price target on shares of 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. UBS Group upped their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, Stephens restated an "overweight" rating and issued a $62.00 price target on shares of Papa Johns International in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International currently has a consensus rating of "Hold" and an average price target of $60.82.

Papa Johns International Stock Performance

Shares of NASDAQ:PZZA traded up $0.20 during trading on Monday, reaching $47.52. The company had a trading volume of 622,396 shares, compared to its average volume of 1,001,820. The firm's fifty day moving average is $51.77 and its 200 day moving average is $48.64. The firm has a market capitalization of $1.55 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Papa Johns International has a twelve month low of $39.90 and a twelve month high of $78.67.

Institutional Trading of Papa Johns International

Large investors have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock worth $35,000 after buying an additional 259 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Papa Johns International during the 3rd quarter worth $42,000. CWM LLC boosted its holdings in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock valued at $62,000 after purchasing an additional 525 shares during the period. US Bancorp DE lifted its holdings in shares of Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after acquiring an additional 922 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International during the 3rd quarter worth about $156,000.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, November 18th. Papa Johns International's dividend payout ratio is currently 64.11%.

About Papa Johns International

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.