Papa John’s Int’l, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Thursday, November 1st, RTT News reports. Stockholders of record on Monday, November 12th will be paid a dividend of 0.225 per share on Friday, November 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, November 8th.
Papa John’s Int’l has increased its dividend by an average of 17.1% per year over the last three years and has raised its dividend every year for the last 4 years. Papa John’s Int’l has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Papa John’s Int’l to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 53.6%.
Shares of PZZA stock opened at $53.47 on Wednesday. The firm has a market capitalization of $1.74 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.91 and a beta of 0.27. Papa John’s Int’l has a 12 month low of $38.05 and a 12 month high of $69.45.
Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $364.01 million during the quarter, compared to the consensus estimate of $390.62 million. Papa John’s Int’l had a negative return on equity of 47.37% and a net margin of 4.54%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, research analysts forecast that Papa John’s Int’l will post 1.51 EPS for the current year.
PZZA has been the topic of a number of recent analyst reports. Stifel Nicolaus downgraded shares of Papa John’s Int’l from a “hold” rating to a “sell” rating and lowered their target price for the stock from $50.00 to $38.00 in a report on Monday, July 23rd. BidaskClub downgraded shares of Papa John’s Int’l from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Jefferies Financial Group upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, August 1st. Stephens restated a “buy” rating and set a $60.00 target price on shares of Papa John’s Int’l in a report on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.88.
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Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.
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