Papa John’s International (NASDAQ:PZZA) Releases Earnings Results, Misses Estimates By $0.08 EPS

Papa John’s International (NASDAQ:PZZA) announced its earnings results on Thursday. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08), Zacks reports. The business had revenue of $508.15 million during the quarter, compared to analyst estimates of $523.67 million. Papa John’s International had a net margin of 3.58% and a negative return on equity of 14.42%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share.

Papa John’s International Trading Down 4.1%

Shares of PZZA traded down $1.74 during mid-day trading on Friday, hitting $41.08. The company’s stock had a trading volume of 2,404,231 shares, compared to its average volume of 1,394,991. Papa John’s International has a 1-year low of $30.16 and a 1-year high of $56.23. The firm has a market capitalization of $1.35 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.46 and a beta of 1.10. The firm has a 50-day simple moving average of $48.22 and a 200 day simple moving average of $45.53.

Papa John’s International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, November 17th. Papa John’s International’s dividend payout ratio (DPR) is currently 81.42%.

Wall Street Analyst Weigh In

PZZA has been the topic of several research reports. Mizuho raised shares of Papa John’s International to a “hold” rating in a research report on Tuesday, October 28th. Stephens decreased their target price on shares of Papa John’s International from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America reissued a “neutral” rating and set a $50.00 price target (down previously from $62.00) on shares of Papa John’s International in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Papa John’s International from $40.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus lifted their target price on Papa John’s International from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.50.

Institutional Investors Weigh In On Papa John’s International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Papa John’s International during the 2nd quarter worth $59,000. Canada Pension Plan Investment Board lifted its stake in shares of Papa John’s International by 26.1% in the second quarter. Canada Pension Plan Investment Board now owns 2,900 shares of the company’s stock valued at $142,000 after purchasing an additional 600 shares during the period. Corient Private Wealth LLC purchased a new stake in Papa John’s International during the second quarter worth about $235,000. BNP Paribas Financial Markets boosted its holdings in Papa John’s International by 14.1% during the second quarter. BNP Paribas Financial Markets now owns 4,840 shares of the company’s stock worth $237,000 after buying an additional 598 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Papa John’s International during the second quarter worth about $347,000.

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.