Papa Johns International (NASDAQ:PZZA) Releases Quarterly Earnings Results

Papa Johns International (NASDAQ:PZZA) posted its quarterly earnings data on Thursday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01, Briefing.com reports. The firm had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS.

Papa Johns International Trading Up 0.6 %

Shares of NASDAQ:PZZA traded up $0.32 during mid-day trading on Friday, reaching $55.85. The stock had a trading volume of 572,653 shares, compared to its average volume of 987,468. The company has a market cap of $1.82 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.66 and a beta of 1.19. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The business’s 50 day moving average price is $51.37 and its 200 day moving average price is $49.33.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.29%. Papa Johns International’s dividend payout ratio is currently 88.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Bank of America lifted their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday. Finally, UBS Group raised their price target on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.82.

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.