Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) – Equities research analysts at Zacks Research lifted their FY2023 earnings per share estimates for Papa John’s International in a research note issued to investors on Tuesday, September 5th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings of $2.65 per share for the year, up from their previous estimate of $2.64. The consensus estimate for Papa John’s International’s current full-year earnings is $2.70 per share. Zacks Research also issued estimates for Papa John’s International’s Q4 2023 earnings at $0.83 EPS and FY2025 earnings at $2.85 EPS.
Several other brokerages have also issued reports on PZZA. BTIG Research dropped their target price on Papa John’s International from $100.00 to $95.00 in a research report on Friday, August 4th. 58.com reaffirmed an “initiates” rating on shares of Papa John’s International in a research note on Wednesday, June 14th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Papa John’s International in a research note on Monday, August 7th. Wedbush raised shares of Papa John’s International from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $95.00 in a research note on Friday, September 1st. Finally, StockNews.com initiated coverage on shares of Papa John’s International in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.17.
Papa John’s International Stock Down 2.2 %
Shares of PZZA stock opened at $74.92 on Wednesday. The company has a 50 day moving average price of $78.37 and a 200-day moving average price of $77.28. Papa John’s International has a 52 week low of $66.74 and a 52 week high of $97.78. The firm has a market capitalization of $2.45 billion, a PE ratio of 36.02, a P/E/G ratio of 2.43 and a beta of 1.13.
Papa John’s International (NASDAQ:PZZA – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $514.53 million for the quarter, compared to analysts’ expectations of $530.10 million. Papa John’s International had a negative return on equity of 23.66% and a net margin of 3.46%.
Papa John’s International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were issued a $0.46 dividend. This is an increase from Papa John’s International’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, August 11th. Papa John’s International’s payout ratio is presently 88.46%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in Papa John’s International in the 4th quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in Papa John’s International by 1,752.6% during the 1st quarter. Parallel Advisors LLC now owns 352 shares of the company’s stock valued at $26,000 after purchasing an additional 333 shares during the last quarter. Park Place Capital Corp bought a new position in Papa John’s International during the 1st quarter valued at about $27,000. Lazard Asset Management LLC acquired a new stake in Papa John’s International during the 4th quarter valued at $34,000. Finally, First Horizon Advisors Inc. acquired a new stake in Papa John’s International during the 1st quarter valued at $37,000.
About Papa John’s 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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