$0.31 EPS Expected for Papa John’s Int’l, Inc. (NASDAQ:PZZA) This Quarter

Equities analysts predict that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Papa John’s Int’l’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.30. Papa John’s Int’l posted earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 106.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 25th.

On average, analysts expect that Papa John’s Int’l will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.10 to $1.19. For the next year, analysts anticipate that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.40 to $1.85. Zacks’ EPS calculations are an average based on a survey of research firms that follow Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Papa John’s Int’l had a negative net margin of 0.43% and a negative return on equity of 12.34%. The firm had revenue of $403.71 million during the quarter, compared to analysts’ expectations of $384.54 million. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis.

PZZA has been the subject of several research reports. BidaskClub cut shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group raised their target price on shares of Papa John’s Int’l to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer started coverage on Papa John’s Int’l in a report on Tuesday, September 17th. They set a “market perform” rating on the stock. BTIG Research upped their price target on Papa John’s Int’l to $67.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lowered Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Monday, November 4th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Papa John’s Int’l has an average rating of “Buy” and a consensus target price of $61.56.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 100,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $57.58, for a total transaction of $5,758,000.00. Following the completion of the sale, the insider now owns 4,789,682 shares of the company’s stock, valued at $275,789,889.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder John H. Schnatter sold 1,900,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.60, for a total value of $107,540,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,200,552 shares of company stock valued at $125,434,817. 43.00% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Balyasny Asset Management LLC increased its position in shares of Papa John’s Int’l by 1,073.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 679,625 shares of the company’s stock worth $30,393,000 after purchasing an additional 621,693 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Papa John’s Int’l during the third quarter worth about $10,234,000. Columbus Circle Investors acquired a new stake in shares of Papa John’s Int’l during the third quarter valued at about $9,568,000. Nuveen Asset Management LLC increased its position in shares of Papa John’s Int’l by 311.1% during the second quarter. Nuveen Asset Management LLC now owns 209,160 shares of the company’s stock valued at $9,354,000 after acquiring an additional 158,278 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Papa John’s Int’l by 36.3% during the second quarter. Renaissance Technologies LLC now owns 561,300 shares of the company’s stock valued at $25,101,000 after acquiring an additional 149,400 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PZZA traded up $0.71 during midday trading on Monday, hitting $61.17. The company’s stock had a trading volume of 512,353 shares, compared to its average volume of 972,347. The business’s 50 day simple moving average is $59.75 and its 200 day simple moving average is $50.88. The company has a market cap of $1.93 billion, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 6.10 and a beta of 0.40. Papa John’s Int’l has a 12-month low of $38.29 and a 12-month high of $64.06.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Thursday, November 7th. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

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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Earnings History and Estimates for Papa John`s Int`l (NASDAQ:PZZA)

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