Papa John’s International, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Friday, October 27th, RTT News reports. Stockholders of record on Tuesday, November 7th will be given a dividend of 0.225 per share on Friday, November 17th. This represents a $0.90 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, November 6th.
Shares of Papa John’s International (NASDAQ:PZZA) opened at $59.53 on Friday. The stock has a market capitalization of $2,086.05, a PE ratio of 21.97, a PEG ratio of 1.66 and a beta of 0.47. Papa John’s International has a 52 week low of $57.22 and a 52 week high of $90.49. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21.
Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. During the same quarter last year, the company posted $0.57 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. research analysts expect that Papa John’s International will post 2.76 earnings per share for the current year.
Papa John’s International announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 198% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 18th. Stifel Nicolaus restated a “hold” rating and set a $60.00 target price on shares of Papa John’s International in a research note on Friday, November 3rd. Stephens increased their target price on Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet restated a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Finally, Citigroup Inc. assumed coverage on Papa John’s International in a research note on Monday, September 18th. They set a “buy” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Papa John’s International presently has an average rating of “Hold” and a consensus target price of $79.56.
In other news, SVP Timothy C. Ohern sold 9,218 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the completion of the transaction, the senior vice president now directly owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wayne Kent Taylor bought 8,860 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $57.53 per share, with a total value of $509,715.80. Following the completion of the acquisition, the director now owns 30,822 shares in the company, valued at approximately $1,773,189.66. The disclosure for this purchase can be found here. Corporate insiders own 27.70% of the company’s stock.
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Papa John’s International Company Profile
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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