FY2024 EPS Estimates for Papa John’s International, Inc. (NASDAQ:PZZA) Decreased by Zacks Research

Papa John’s International, Inc. (NASDAQ:PZZA) – Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Papa John’s International in a research report issued to clients and investors on Tuesday, June 18th. Zacks Research analyst M. Kaushik now forecasts that the company will earn $2.34 per share for the year, down from their prior forecast of $2.36. The consensus estimate for Papa John’s International’s current full-year earnings is $2.41 per share. Zacks Research also issued estimates for Papa John’s International’s Q4 2024 earnings at $0.65 EPS, FY2025 earnings at $2.68 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.02 EPS.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 9th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $513.90 million during the quarter, compared to the consensus estimate of $544.46 million. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.50%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share.

A number of other equities analysts also recently issued reports on PZZA. Wedbush decreased their price objective on Papa John’s International from $76.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 10th. StockNews.com downgraded Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Benchmark cut their target price on Papa John’s International from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. BMO Capital Markets cut their target price on Papa John’s International from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Papa John’s International from $77.00 to $58.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.30.

Papa John’s International Trading Down 0.6 %

PZZA opened at $48.48 on Wednesday. The stock has a fifty day simple moving average of $53.87 and a two-hundred day simple moving average of $65.53. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.75 and a beta of 1.11. Papa John’s International has a 12-month low of $46.20 and a 12-month high of $86.38.

Papa John’s International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.46 per share. The ex-dividend date was Friday, May 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.80%. Papa John’s International’s payout ratio is currently 81.78%.

Insider Activity

In other Papa John’s International news, CEO Ravi Thanawala purchased 1,900 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $52.41 per share, with a total value of $99,579.00. Following the acquisition, the chief executive officer now owns 38,920 shares in the company, valued at $2,039,797.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cutler Group LLC CA purchased a new stake in shares of Papa John’s International during the 4th quarter worth approximately $32,000. SRS Capital Advisors Inc. raised its holdings in shares of Papa John’s International by 396.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock worth $32,000 after acquiring an additional 337 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Papa John’s International during the 4th quarter worth approximately $41,000. Covestor Ltd raised its holdings in shares of Papa John’s International by 277.8% during the 3rd quarter. Covestor Ltd now owns 733 shares of the company’s stock worth $50,000 after acquiring an additional 539 shares in the last quarter. Finally, CWM LLC increased its position in shares of Papa John’s International by 23.5% during the 4th quarter. CWM LLC now owns 819 shares of the company’s stock valued at $62,000 after purchasing an additional 156 shares during the last quarter.

About Papa John’s International

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.