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

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Investors of record on Monday, November 18th will be given a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 annualized dividend and a yield of 3.52%.

Papa Johns International has raised its dividend payment by an average of 25.1% annually over the last three years. Papa Johns International has a dividend payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Papa Johns International to earn $2.56 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 71.9%.

Papa Johns International Price Performance

Shares of PZZA stock traded down $0.09 during trading hours on Wednesday, reaching $52.27. 15,041 shares of the stock were exchanged, compared to its average volume of 972,793. The business’s fifty day moving average is $50.12 and its two-hundred day moving average is $49.55. The firm has a market capitalization of $1.72 billion, a P/E ratio of 23.27, a P/E/G ratio of 3.23 and a beta of 1.20. Papa Johns International has a 12-month low of $39.90 and a 12-month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million for the quarter, compared to the consensus estimate of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, equities research analysts predict that Papa Johns International will post 2.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PZZA. Deutsche Bank Aktiengesellschaft decreased their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Bank of America upped their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Papa Johns International in a research note on Friday, August 23rd. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, August 8th. Finally, BMO Capital Markets dropped their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

About Papa Johns International

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.