Papa John's International, Inc. (NASDAQ:PZZA) Announces Quarterly Dividend of $0.46

Key Points

• Papa John's International declared a quarterly dividend of $0.46 per share, with the dividend payable on August 29th to shareholders recorded by August 18th, reflecting an annualized yield of 4.4%.
• The company has a payout ratio of 81.8%, indicating that current dividends are covered by earnings but may not be sustainable if earnings decrease; analysts anticipate earnings of $2.39 per share next year.
• Papa John's stock recently traded at $41.79, below its fifty-day moving average of $46.84, with a market capitalization of $1.37 billion and a P/E ratio of 17.78.

Papa John's International, Inc. (NASDAQ:PZZA - Get Free Report) announced a quarterly dividend on Friday, August 1st, RTT News reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.46 per share on Friday, August 29th. This represents a c) annualized dividend and a yield of 4.4%.

Papa John's International has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities research analysts expect Papa John's International to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 77.0%.

Papa John's International Price Performance

NASDAQ PZZA traded down $0.62 during trading on Friday, hitting $41.79. 623,551 shares of the company's stock traded hands, compared to its average volume of 849,634. The stock has a fifty day moving average of $46.84 and a two-hundred day moving average of $42.37. Papa John's International has a 12-month low of $30.16 and a 12-month high of $60.75. The firm has a market cap of $1.37 billion, a P/E ratio of 17.78, a PEG ratio of 3.67 and a beta of 1.13.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $518.31 million during the quarter, compared to analyst estimates of $512.48 million. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. Papa John's International's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, analysts expect that Papa John's International will post 2.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Loop Capital dropped their target price on shares of Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, May 9th. Benchmark reiterated a "buy" rating and set a $50.00 target price on shares of Papa John's International in a report on Monday, May 12th. UBS Group dropped their target price on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Stephens reissued an "overweight" rating and issued a $50.00 price target on shares of Papa John's International in a research note on Thursday, June 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Papa John's International currently has an average rating of "Hold" and an average target price of $51.25.

Papa John's International Company Profile

Papa John's International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.