Brokerages predict that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will report earnings of $0.18 per share for the current quarter, according to Zacks. Two analysts have made estimates for Papa John’s Int’l’s earnings. Papa John’s Int’l posted earnings of $0.20 per share during the same quarter last year, which would suggest a negative year over year growth rate of 10%. The firm is expected to announce its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Papa John’s Int’l will report full-year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.15. For the next fiscal year, analysts expect that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.67 to $2.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $399.62 million for the quarter, compared to analysts’ expectations of $394.39 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share.

Several brokerages have commented on PZZA. Stephens lifted their price objective on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. ValuEngine lowered shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup lowered their price target on shares of Papa John’s Int’l from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. MKM Partners started coverage on shares of Papa John’s Int’l in a research report on Tuesday, August 13th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, BidaskClub raised shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.00.

Shares of PZZA stock opened at $43.97 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 3.07 and a beta of 0.43. Papa John’s Int’l has a 52 week low of $38.29 and a 52 week high of $60.56. The firm’s 50-day simple moving average is $45.13 and its two-hundred day simple moving average is $47.02.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, August 9th. Papa John’s Int’l’s dividend payout ratio (DPR) is currently 67.16%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Papa John’s Int’l by 7,011.9% during the fourth quarter. Bank of America Corp DE now owns 50,733 shares of the company’s stock worth $2,020,000 after buying an additional 51,467 shares during the period. Legal & General Group Plc raised its position in shares of Papa John’s Int’l by 1.6% during the 4th quarter. Legal & General Group Plc now owns 22,916 shares of the company’s stock worth $913,000 after purchasing an additional 359 shares during the period. Norges Bank acquired a new stake in shares of Papa John’s Int’l during the 4th quarter worth approximately $10,544,000. Retirement Systems of Alabama raised its position in shares of Papa John’s Int’l by 0.9% during the 1st quarter. Retirement Systems of Alabama now owns 29,297 shares of the company’s stock worth $1,551,000 after purchasing an additional 260 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Papa John’s Int’l by 78.9% during the 1st quarter. Meeder Asset Management Inc. now owns 16,528 shares of the company’s stock worth $875,000 after purchasing an additional 7,289 shares during the period. 92.71% of the stock is currently owned by institutional investors.

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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