Zacks: Brokerages Expect Papa John’s Int’l, Inc. (PZZA) Will Post Quarterly Sales of $373.00 Million

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Equities research analysts expect that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will announce sales of $373.00 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Papa John’s Int’l’s earnings. The lowest sales estimate is $369.49 million and the highest is $376.51 million. Papa John’s Int’l posted sales of $427.37 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.7%. The company is scheduled to issue its next earnings report on Tuesday, May 14th.

On average, analysts expect that Papa John’s Int’l will report full-year sales of $1.51 billion for the current year, with estimates ranging from $1.50 billion to $1.52 billion. For the next financial year, analysts expect that the firm will report sales of $1.57 billion, with estimates ranging from $1.55 billion to $1.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). The firm had revenue of $373.98 million during the quarter, compared to analyst estimates of $393.05 million. Papa John’s Int’l had a net margin of 0.10% and a negative return on equity of 16.11%. The company’s revenue was down 20.0% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS.

Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Citigroup lowered their price objective on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Zacks Investment Research upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Stifel Nicolaus lowered their price objective on Papa John’s Int’l from $38.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Papa John’s Int’l has a consensus rating of “Hold” and an average price target of $55.50.

Papa John’s Int’l stock traded up $0.97 during trading hours on Tuesday, hitting $47.20. The stock had a trading volume of 1,635,838 shares, compared to its average volume of 1,218,655. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 3.30 and a beta of 0.51. Papa John’s Int’l has a fifty-two week low of $38.05 and a fifty-two week high of $64.18.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Monday, February 11th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 8th. This represents a $0.90 dividend on an annualized basis and a yield of 1.91%. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 67.16%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in 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 acquiring an additional 359 shares during the last quarter. Texas Permanent School Fund grew its position in Papa John’s Int’l by 3.7% during the 4th quarter. Texas Permanent School Fund now owns 14,655 shares of the company’s stock worth $583,000 after acquiring an additional 529 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Papa John’s Int’l by 140.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after acquiring an additional 650 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in Papa John’s Int’l during the 4th quarter worth approximately $800,000. Finally, Pacer Advisors Inc. grew its position in Papa John’s Int’l by 12.3% during the 3rd quarter. Pacer Advisors Inc. now owns 8,231 shares of the company’s stock worth $422,000 after acquiring an additional 903 shares during the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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