Zacks: Analysts Expect Papa John’s Int’l, Inc. (NASDAQ:PZZA) Will Announce Quarterly Sales of $389.25 Million

Equities research analysts forecast that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will report $389.25 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Papa John’s Int’l’s earnings, with the highest sales estimate coming in at $392.90 million and the lowest estimate coming in at $386.75 million. Papa John’s Int’l reported sales of $364.01 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Papa John’s Int’l will report full year sales of $1.60 billion for the current fiscal year, with estimates ranging from $1.59 billion to $1.61 billion. For the next financial year, analysts expect that the business will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Papa John’s Int’l.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.06. The business had revenue of $399.62 million for the quarter, compared to analysts’ expectations of $394.39 million. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS.



Several equities analysts have recently weighed in on PZZA shares. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of Papa John’s Int’l in a research report on Tuesday, August 27th. Credit Suisse Group raised Papa John’s Int’l from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $45.00 to $56.00 in a research report on Thursday, September 5th. BTIG Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, August 27th. ValuEngine downgraded Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer started coverage on Papa John’s Int’l in a research report on Tuesday, September 17th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $59.25.

Shares of NASDAQ PZZA traded up $0.31 during trading hours on Friday, hitting $53.19. 42,095 shares of the company traded hands, compared to its average volume of 874,802. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 5.23 and a beta of 0.42. The company’s 50 day moving average price is $50.36 and its 200 day moving average price is $48.58. Papa John’s Int’l has a 12 month low of $38.29 and a 12 month high of $60.56.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $42.80, for a total value of $4,280,000.00. Following the transaction, the insider now owns 5,409,583 shares of the company’s stock, valued at approximately $231,530,152.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John H. Schnatter sold 475,861 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $43.22, for a total value of $20,566,712.42. Following the completion of the transaction, the insider now directly owns 4,785,682 shares in the company, valued at approximately $206,837,176.04. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Private Capital Group LLC bought a new position in Papa John’s Int’l in the 2nd quarter valued at $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Papa John’s Int’l in the 3rd quarter valued at $74,000. Advisor Group Inc. grew its position in Papa John’s Int’l by 45.0% in the 2nd quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock valued at $68,000 after acquiring an additional 475 shares during the last quarter. Central Bank & Trust Co. bought a new position in Papa John’s Int’l in the 2nd quarter valued at $89,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Papa John’s Int’l in the 1st quarter valued at $138,000. 92.12% of the stock is currently owned by institutional investors.

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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