Analysts predict that Papa John's Int'l, Inc. (NASDAQ:PZZA) will report $469.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Papa John's Int'l’s earnings, with the highest sales estimate coming in at $477.02 million and the lowest estimate coming in at $461.72 million. Papa John's Int'l posted sales of $439.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is scheduled to issue its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Papa John's Int'l will report full-year sales of $469.48 million for the current fiscal year, with estimates ranging from $1.78 billion to $1.79 billion. For the next financial year, analysts expect that the company will post sales of $1.81 billion per share, with estimates ranging from $1.80 billion to $1.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Papa John's Int'l.
Papa John's Int'l (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. Papa John's Int'l had a return on equity of 4,321.08% and a net margin of 6.12%. Papa John's Int'l’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share.
PZZA has been the subject of a number of research analyst reports. BTIG Research reiterated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Papa John's Int'l in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Papa John's Int'l from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Stephens decreased their price target on shares of Papa John's Int'l from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Deutsche Bank initiated coverage on shares of Papa John's Int'l in a research report on Monday, December 18th. They set a “hold” rating and a $63.00 price objective for the company. Finally, Zacks Investment Research cut shares of Papa John's Int'l from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.60.
In related news, Director Wayne Kent Taylor bought 8,860 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $57.53 per share, with a total value of $509,715.80. Following the completion of the purchase, the director now directly owns 30,822 shares in the company, valued at $1,773,189.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.70% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC lifted its stake in shares of Papa John's Int'l by 76.9% in the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock valued at $132,000 after buying an additional 800 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Papa John's Int'l during the third quarter valued at about $152,000. Victory Capital Management Inc. lifted its position in shares of Papa John's Int'l by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock valued at $185,000 after purchasing an additional 386 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Papa John's Int'l by 87.3% during the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock valued at $215,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Papa John's Int'l during the third quarter valued at about $219,000. 84.10% of the stock is currently owned by hedge funds and other institutional investors.
Papa John's Int'l (NASDAQ PZZA) traded up $0.70 during mid-day trading on Friday, reaching $58.65. 678,700 shares of the company were exchanged, compared to its average volume of 677,233. The firm has a market cap of $2,030.69, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.40. Papa John's Int'l has a twelve month low of $55.05 and a twelve month high of $87.45. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21.
Papa John's Int'l Company Profile
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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