Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) - Analysts at Wedbush lowered their FY2024 earnings estimates for Papa Johns International in a research note issued on Wednesday, January 15th. Wedbush analyst N. Setyan now forecasts that the company will post earnings of $2.10 per share for the year, down from their previous forecast of $2.16. Wedbush has a "Outperform" rating and a $60.00 price objective on the stock. The consensus estimate for Papa Johns International's current full-year earnings is $2.21 per share. Wedbush also issued estimates for Papa Johns International's Q4 2024 earnings at $0.40 EPS and Q1 2025 earnings at $0.60 EPS.
Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS.
Several other equities analysts have also commented on PZZA. UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group decreased their price target on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday. Bank of America boosted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Stephens reaffirmed an "overweight" rating and set a $62.00 target price on shares of Papa Johns International in a report on Monday. Finally, KeyCorp cut shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.33.
Check Out Our Latest Stock Analysis on PZZA
Papa Johns International Price Performance
NASDAQ PZZA traded down $0.24 during trading hours on Thursday, reaching $36.61. 1,384,874 shares of the stock traded hands, compared to its average volume of 1,566,297. The stock has a 50 day simple moving average of $44.66 and a two-hundred day simple moving average of $46.84. Papa Johns International has a 1 year low of $35.50 and a 1 year high of $78.67. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.
Institutional Trading of Papa Johns International
Large investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in Papa Johns International by 66.9% in 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 purchased a new position in Papa Johns International during the 3rd quarter valued at $42,000. US Bancorp DE increased its position in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock valued at $72,000 after purchasing an additional 922 shares during the period. CWM LLC raised its holdings in Papa Johns International by 27.5% in the 3rd quarter. CWM LLC now owns 1,690 shares of the company's stock worth $91,000 after purchasing an additional 365 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Papa Johns International in the 3rd quarter worth about $156,000.
Papa Johns International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.03%. Papa Johns International's dividend payout ratio is currently 64.11%.
About Papa Johns International
(
Get Free Report)
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.
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