Papa John's International (NASDAQ:PZZA) Issues Earnings Results

Papa John's International (NASDAQ:PZZA - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09, Briefing.com reports. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $544.46 million. Papa John's International had a net margin of 3.84% and a negative return on equity of 19.46%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share.

Papa John's International Stock Performance

Papa John's International stock traded up $0.10 during midday trading on Friday, hitting $53.32. 1,728,391 shares of the company's stock were exchanged, compared to its average volume of 715,791. The stock has a 50-day moving average price of $64.84 and a two-hundred day moving average price of $68.93. Papa John's International has a 52-week low of $52.07 and a 52-week high of $86.38. The company has a market cap of $1.76 billion, a P/E ratio of 21.67, a PEG ratio of 1.57 and a beta of 1.16.

Papa John's International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, May 17th. Papa John's International's payout ratio is currently 74.80%.

Insider Activity at Papa John's International

In other Papa John's International news, Director Laurette T. Koellner sold 2,886 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $70.21, for a total transaction of $202,626.06. Following the transaction, the director now owns 18,804 shares in the company, valued at approximately $1,320,228.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PZZA. Wedbush reduced their price target on shares of Papa John's International from $76.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday. Loop Capital decreased their target price on Papa John's International from $97.00 to $90.00 and set a "buy" rating for the company in a report on Friday. Benchmark dropped their price target on Papa John's International from $87.00 to $75.00 and set a "buy" rating for the company in a research note on Friday. StockNews.com lowered Papa John's International from a "buy" rating to a "hold" rating in a report on Saturday, March 9th. Finally, BMO Capital Markets reduced their target price on shares of Papa John's International from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.36.

Papa John's 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.