Analysts expect that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will post $396.88 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Papa John’s Int’l’s earnings, with the lowest sales estimate coming in at $392.81 million and the highest estimate coming in at $400.95 million. Papa John’s Int’l reported sales of $407.96 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Papa John’s Int’l will report full-year sales of $1.60 billion for the current year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts expect that the company will report sales of $1.67 billion, with estimates ranging from $1.63 billion to $1.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Papa John’s Int’l.
Papa John’s Int’l (NASDAQ:PZZA) last issued its earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The firm had revenue of $398.41 million during the quarter, compared to analyst estimates of $384.67 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Papa John’s Int’l’s revenue for the quarter was down 11.5% on a year-over-year basis.
In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 114,061 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total transaction of $6,009,874.09. Following the transaction, the insider now owns 9,239,507 shares of the company’s stock, valued at approximately $486,829,623.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John H. Schnatter sold 200,083 shares of Papa John’s Int’l stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $50.71, for a total transaction of $10,146,208.93. Following the completion of the transaction, the insider now directly owns 9,196,724 shares in the company, valued at approximately $466,365,874.04. The disclosure for this sale can be found here. Insiders have sold a total of 3,765,557 shares of company stock worth $173,644,058 in the last three months. Insiders own 43.00% of the company’s stock.
Several institutional investors have recently modified their holdings of PZZA. Jackson Square Partners LLC purchased a new position in shares of Papa John’s Int’l in the 1st quarter worth approximately $121,272,000. FIL Ltd grew its position in shares of Papa John’s Int’l by 267.1% in the 1st quarter. FIL Ltd now owns 1,270,298 shares of the company’s stock worth $67,262,000 after buying an additional 924,298 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Papa John’s Int’l in the 4th quarter worth approximately $25,698,000. SEI Investments Co grew its position in shares of Papa John’s Int’l by 5,923.7% in the 1st quarter. SEI Investments Co now owns 475,754 shares of the company’s stock worth $25,191,000 after buying an additional 467,856 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Papa John’s Int’l by 106,517.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 429,667 shares of the company’s stock worth $22,751,000 after buying an additional 429,264 shares during the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PZZA opened at $49.41 on Wednesday. Papa John’s Int’l has a fifty-two week low of $38.05 and a fifty-two week high of $60.56. The firm has a market cap of $1.57 billion, a P/E ratio of 36.87, a P/E/G ratio of 3.60 and a beta of 0.53.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, May 10th. Papa John’s Int’l’s dividend payout ratio (DPR) is 67.16%.
About Papa John’s Int’l
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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