Zacks Research Has Negative Outlook of PZZA FY2024 Earnings

Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 earnings estimates for Papa Johns International in a research note issued on Thursday, November 21st. Zacks Research analyst M. Kaushik now forecasts that the company will earn $2.19 per share for the year, down from their previous forecast of $2.24. The consensus estimate for Papa Johns International's current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International's Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

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

A number of other research analysts have also recently commented on PZZA. UBS Group raised their price target on Papa Johns International from $47.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their target price 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 on the stock in a research report on Friday, August 9th. Piper Sandler cut their target price on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, August 9th. Finally, Stephens restated an "overweight" rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Papa Johns International presently has a consensus rating of "Hold" and an average price target of $60.82.

Papa Johns International Price Performance

NASDAQ:PZZA traded up $0.09 during trading hours on Monday, reaching $50.01. 1,276,868 shares of the company were exchanged, compared to its average volume of 1,006,458. The company has a market capitalization of $1.63 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.51 and a beta of 1.19. The business has a 50 day moving average of $51.71 and a 200 day moving average of $48.28. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.68%. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PZZA. Signaturefd LLC grew its position 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 acquired a new stake in Papa Johns International in the third quarter worth $42,000. CWM LLC increased its stake in Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company's stock valued at $62,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE increased its stake in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company's stock valued at $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Papa Johns International during the third quarter valued at about $156,000.

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.