Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) – Wedbush upped their Q2 2023 earnings estimates for Papa John’s International in a note issued to investors on Monday, June 13th. Wedbush analyst N. Setyan now anticipates that the company will post earnings of $0.97 per share for the quarter, up from their prior forecast of $0.96. The consensus estimate for Papa John’s International’s current full-year earnings is $3.37 per share.
Papa John’s International (NASDAQ:PZZA – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Papa John’s International had a negative return on equity of 75.29% and a net margin of 4.60%. The company had revenue of $542.69 million for the quarter, compared to the consensus estimate of $540.38 million. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis.
Other research analysts have also recently issued reports about the company. Credit Suisse Group cut their price objective on Papa John’s International from $154.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, April 4th. MKM Partners cut their price target on shares of Papa John’s International from $135.00 to $120.00 in a report on Friday, February 25th. KeyCorp decreased their price objective on shares of Papa John’s International from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. BMO Capital Markets cut their target price on shares of Papa John’s International from $145.00 to $130.00 in a research note on Friday, May 6th. Finally, StockNews.com lowered Papa John’s International from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $132.71.
Shares of PZZA stock opened at $82.99 on Wednesday. The stock’s fifty day simple moving average is $90.82 and its 200 day simple moving average is $107.64. Papa John’s International has a one year low of $74.46 and a one year high of $140.68. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -150.89, a P/E/G ratio of 1.65 and a beta of 1.05.
A number of institutional investors have recently added to or reduced their stakes in PZZA. BlackRock Inc. boosted its position in shares of Papa John’s International by 16.1% in the 4th quarter. BlackRock Inc. now owns 4,041,787 shares of the company’s stock worth $539,456,000 after purchasing an additional 560,069 shares during the last quarter. State Street Corp boosted its holdings in Papa John’s International by 1.5% during the first quarter. State Street Corp now owns 1,116,520 shares of the company’s stock worth $117,547,000 after buying an additional 16,767 shares during the last quarter. Invesco Ltd. increased its stake in shares of Papa John’s International by 94.5% in the 4th quarter. Invesco Ltd. now owns 1,079,046 shares of the company’s stock valued at $144,019,000 after acquiring an additional 524,219 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Papa John’s International by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 878,168 shares of the company’s stock valued at $92,454,000 after acquiring an additional 30,700 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in Papa John’s International during the 4th quarter worth approximately $100,365,000. Institutional investors own 98.48% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, May 13th. Papa John’s International’s dividend payout ratio (DPR) is presently -254.55%.
Papa John’s International Company Profile (Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Papa John’s International (PZZA)
- Analog Devices Stock is a Defensive Semiconductor Play
- Insiders Sell Tractor Supply Company, Oh No!
- HP Inc. Stock Is a Steady Eddie Gainer
- Why These 3 Farming Stocks Keep Plowing Ahead
- Gold Stocks That Might Be Worth A Look As Inflation Continues To Run Hot:
Want More Great Investing Ideas?
- 3 Stocks to DOUBLE This Year
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 9 “MUST OWN” Growth Stocks
Receive News & Ratings for Papa John’s International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Papa John’s International and related companies with MarketBeat.com’s FREE daily email newsletter.