Papa John’s Int’l (NASDAQ:PZZA) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.00-1.20 for the period, compared to the Thomson Reuters consensus estimate of $1.14. Papa John’s Int’l also updated its FY19 guidance to $1.00-1.20 EPS.
A number of brokerages recently issued reports on PZZA. ValuEngine downgraded Papa John’s Int’l from a buy rating to a hold rating in a report on Thursday, August 1st. Stephens upped their price target on Papa John’s Int’l from $55.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 8th. BidaskClub raised Papa John’s Int’l from a sell rating to a hold rating in a report on Thursday, May 30th. Citigroup upped their price target on Papa John’s Int’l from $55.00 to $60.00 and gave the company a buy rating in a report on Wednesday, May 15th. Finally, Credit Suisse Group began coverage on Papa John’s Int’l in a report on Tuesday, June 25th. They issued a neutral rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Papa John’s Int’l currently has a consensus rating of Hold and a consensus price target of $54.20.
NASDAQ PZZA traded down $0.20 on Friday, reaching $46.02. The stock had a trading volume of 592,404 shares, compared to its average volume of 969,843. Papa John’s Int’l has a 12-month low of $38.29 and a 12-month high of $60.56. The company’s 50-day moving average is $45.07. The firm has a market capitalization of $1.46 billion, a PE ratio of 34.34, a P/E/G ratio of 3.08 and a beta of 0.43.
Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.06. Papa John’s Int’l had a negative return on equity of 11.82% and a negative net margin of 1.32%. The company had revenue of $399.62 million during the quarter, compared to analysts’ expectations of $394.39 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Papa John’s Int’l will post 1.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, August 9th. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.
In other news, major shareholder John H. Schnatter sold 3,451,413 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $45.63, for a total transaction of $157,487,975.19. Following the completion of the sale, the insider now owns 5,509,583 shares in the company, valued at $251,402,272.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Michael Sanfilippo purchased 1,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were bought at an average price of $47.79 per share, with a total value of $47,790.00. Following the purchase, the director now directly owns 3,654 shares of the company’s stock, valued at $174,624.66. The disclosure for this purchase can be found here. 43.00% of the stock is currently owned by insiders.
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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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