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

Papa Johns International, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Monday, November 18th.

Papa Johns International has raised its dividend payment by an average of 25.1% per year over the last three years. Papa Johns International has a dividend payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. 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 NASDAQ:PZZA opened at $51.45 on Thursday. The business’s fifty day moving average price is $50.23 and its two-hundred day moving average price is $49.48. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.23 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

PZZA has been the topic of a number of analyst reports. BMO Capital Markets lowered their price target on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Bank of America boosted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, August 8th. KeyCorp reduced their price objective on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $51.00 price objective on shares of Papa Johns International in a research note on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Papa Johns International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.