Papa John’s Int’l (PZZA) Announces Quarterly Earnings Results

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Papa John’s Int’l (NASDAQ:PZZA) posted its earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03), Briefing.com reports. Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. The business had revenue of $364.01 million for the quarter, compared to analysts’ expectations of $390.62 million. During the same period last year, the firm posted $0.60 earnings per share. Papa John’s Int’l’s quarterly revenue was down 15.7% on a year-over-year basis. Papa John’s Int’l updated its FY 2018 guidance to $1.30-1.60 EPS and its FY18 guidance to $1.30-1.60 EPS.

Shares of PZZA traded up $2.93 during mid-day trading on Wednesday, hitting $56.40. 1,781,700 shares of the company’s stock traded hands, compared to its average volume of 1,305,326. Papa John’s Int’l has a 1 year low of $38.05 and a 1 year high of $69.45. The stock has a market capitalization of $1.74 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.91 and a beta of 0.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 12th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.90 annualized dividend and a dividend yield of 1.60%. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 34.35%.

PZZA has been the topic of several research analyst reports. Stephens reissued a “buy” rating and set a $60.00 target price on shares of Papa John’s Int’l in a research note on Tuesday, August 7th. Jefferies Financial Group raised Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, August 1st. Longbow Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 13th. Bank of America raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 27th. Finally, Citigroup reduced their target price on Papa John’s Int’l from $62.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tyvor Capital LLC purchased a new stake in Papa John’s Int’l in the second quarter worth $142,000. Xact Kapitalforvaltning AB purchased a new stake in Papa John’s Int’l in the first quarter worth $232,000. A.R.T. Advisors LLC purchased a new stake in Papa John’s Int’l in the first quarter worth $241,000. US Bancorp DE grew its stake in Papa John’s Int’l by 441.9% in the third quarter. US Bancorp DE now owns 5,034 shares of the company’s stock worth $258,000 after purchasing an additional 4,105 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Papa John’s Int’l in the second quarter worth $322,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Earnings History for Papa John`s Int`l (NASDAQ:PZZA)

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