Zacks Research Issues Pessimistic Estimate for PZZA Earnings

Papa Johns International, Inc. (NASDAQ:PZZA) – Research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Papa Johns International in a research note issued on Thursday, November 21st. Zacks Research analyst M. Kaushik now forecasts that the company will earn $2.19 per share for the year, down from their prior forecast of $2.24. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

Other equities research analysts also recently issued research reports about the company. UBS Group increased their target price on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. BMO Capital Markets reduced their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. Finally, Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Trading Up 4.3 %

PZZA opened at $49.92 on Monday. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67. The company has a market cap of $1.63 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.19. The company has a 50 day moving average of $51.71 and a 200 day moving average of $48.28.

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

Hedge Funds Weigh In On Papa Johns International

A number of large investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Papa Johns International in the 3rd quarter worth $42,000. CWM LLC raised its position in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares during the period. US Bancorp DE lifted its stake in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Papa Johns International during the third quarter valued at about $156,000.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.69%. Papa Johns International’s dividend payout ratio (DPR) is presently 64.11%.

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.