Wall Street brokerages expect Papa John’s Int’l, Inc. (NASDAQ:PZZA) to report $403.47 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Papa John’s Int’l’s earnings. The highest sales estimate is $415.30 million and the lowest is $397.04 million. Papa John’s Int’l reported sales of $373.98 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The business is scheduled to announce its next earnings report on Tuesday, February 25th.
On average, analysts expect that Papa John’s Int’l will report full-year sales of $1.60 billion for the current year, with estimates ranging from $1.58 billion to $1.63 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.65 billion, with estimates ranging from $1.59 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Papa John’s Int’l.
Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Papa John’s Int’l had a negative return on equity of 12.34% and a negative net margin of 0.43%. The business had revenue of $403.71 million during the quarter, compared to analyst estimates of $384.54 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 4.8% compared to the same quarter last year.
Several equities analysts have recently commented on PZZA shares. CL King assumed coverage on Papa John’s Int’l in a research note on Wednesday, October 23rd. They set a “buy” rating and a $65.00 target price for the company. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Papa John’s Int’l in a research note on Tuesday, August 27th. BTIG Research upped their price target on shares of Papa John’s Int’l to $67.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Oppenheimer began coverage on shares of Papa John’s Int’l in a research note on Tuesday, September 17th. They set a “market perform” rating on the stock. Finally, Citigroup decreased their price objective on shares of Papa John’s Int’l from $60.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $61.56.
PZZA stock opened at $59.53 on Wednesday. The stock’s 50 day moving average is $60.18 and its two-hundred day moving average is $51.14. Papa John’s Int’l has a 52-week low of $38.29 and a 52-week high of $64.06. The company has a market capitalization of $1.93 billion, a PE ratio of 44.43, a P/E/G ratio of 6.10 and a beta of 0.40.
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.225 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.51%. Papa John’s Int’l’s payout ratio is 67.16%.
In related news, insider Caroline Miller Oyler sold 4,775 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $62.00, for a total transaction of $296,050.00. Following the completion of the sale, the insider now owns 34,198 shares of the company’s stock, valued at approximately $2,120,276. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder John H. Schnatter sold 1,900,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.60, for a total transaction of $107,540,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,200,552 shares of company stock valued at $125,434,817 over the last quarter. Company insiders own 43.00% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Private Capital Group LLC acquired a new stake in shares of Papa John’s Int’l during the 2nd quarter worth approximately $34,000. Covington Capital Management lifted its stake in Papa John’s Int’l by 560.6% in the third quarter. Covington Capital Management now owns 1,156 shares of the company’s stock valued at $61,000 after buying an additional 981 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Papa John’s Int’l in the third quarter valued at $64,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Papa John’s Int’l during the third quarter valued at $67,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Papa John’s Int’l during the third quarter valued at $71,000. Institutional investors own 92.13% of the company’s stock.
About Papa John’s Int’l
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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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