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. The company also operates dine-in and delivery restaurants under the Papa John's trademark internationally. As of December 26, 2021, it operated 5,650 Papa John's restaurants, which included 600 company-owned and 5,050 franchised restaurants in 50 countries and territories. The company was founded in 1984 and is based in Louisville, Kentucky.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PZZA shares. Credit Suisse Group decreased their price target on Papa John's International to $123.00 in a report on Tuesday, August 9th. UBS Group cut their target price on Papa John's International from $144.00 to $93.00 in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft cut their target price on Papa John's International from $109.00 to $92.00 in a research note on Monday, July 18th. KeyCorp cut their target price on Papa John's International from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, August 5th. Finally, Benchmark increased their target price on Papa John's International to $105.00 in a research note on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.57.
Papa John's International Stock Performance
Papa John's International stock traded up $0.18 during midday trading on Wednesday, reaching $93.68. The stock had a trading volume of 5,110 shares, compared to its average volume of 569,251. The firm's fifty day simple moving average is $86.94 and its 200-day simple moving average is $95.43. Papa John's International has a 1-year low of $74.46 and a 1-year high of $140.68. The stock has a market capitalization of $3.31 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05.
Papa John's International (NASDAQ:PZZA - Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Papa John's International had a net margin of 4.26% and a negative return on equity of 63.53%. The firm had revenue of $522.67 million during the quarter, compared to analyst estimates of $531.70 million. During the same period in the prior year, the business posted $0.93 EPS. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Papa John's International will post 3.07 earnings per share for the current fiscal year.
Papa John's International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change from Papa John's International's previous quarterly dividend of $0.35. Papa John's International's dividend payout ratio (DPR) is currently 68.57%.