Research Analysts Set Expectations for PZZA FY2024 Earnings

Papa Johns International, Inc. (NASDAQ:PZZA) – Equities research analysts at KeyCorp issued their FY2024 EPS estimates for Papa Johns International in a research note issued on Wednesday, November 13th. KeyCorp analyst E. Gonzalez anticipates that the company will post earnings of $2.20 per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. KeyCorp also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.49 EPS.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

PZZA has been the topic of several other research reports. UBS Group boosted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America boosted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Piper Sandler lowered their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Price Performance

Shares of NASDAQ:PZZA opened at $47.32 on Monday. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67. The firm’s 50 day simple moving average is $51.77 and its two-hundred day simple moving average is $48.64. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.37 and a beta of 1.19.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PZZA. Signaturefd LLC increased its position in Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new position in Papa Johns International during the third quarter valued at $42,000. CWM LLC increased its position in Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the last quarter. US Bancorp DE increased its position in Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the third quarter worth about $156,000.

About Papa Johns 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.