Papa John’s Int’l (NASDAQ:PZZA) released its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03), Briefing.com reports. Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. The firm had revenue of $364.01 million during the quarter, compared to analyst estimates of $390.62 million. During the same period in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. Papa John’s Int’l updated its FY 2018 guidance to $1.30-1.60 EPS and its FY18 guidance to $1.30-1.60 EPS.
Papa John’s Int’l stock traded up $2.93 during midday trading on Wednesday, reaching $56.40. 1,781,700 shares of the company’s stock were exchanged, compared to its average volume of 1,305,326. Papa John’s Int’l has a 52 week low of $38.05 and a 52 week high of $69.45. The stock has a market capitalization of $1.74 billion, a P/E ratio of 21.53, a PEG ratio of 2.91 and a beta of 0.27.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 8th. Papa John’s Int’l’s payout ratio is currently 34.35%.
Several research firms have issued reports on PZZA. Longbow Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 13th. ValuEngine upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Stephens decreased their price objective on Papa John’s Int’l from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, August 8th. BidaskClub cut Papa John’s Int’l from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus decreased their price objective on Papa John’s Int’l from $38.00 to $35.00 and set a “sell” rating for the company in a report on Wednesday, August 8th. One investment 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 stock presently has a consensus rating of “Hold” and an average target price of $57.88.
A number of institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its holdings in shares of Papa John’s Int’l by 16.5% during the second quarter. OppenheimerFunds Inc. now owns 10,348 shares of the company’s stock worth $525,000 after acquiring an additional 1,468 shares during the period. Arlington Partners LLC boosted its holdings in shares of Papa John’s Int’l by 16.3% during the third quarter. Arlington Partners LLC now owns 12,610 shares of the company’s stock worth $647,000 after acquiring an additional 1,765 shares during the period. Tyvor Capital LLC bought a new stake in shares of Papa John’s Int’l during the second quarter worth approximately $142,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Papa John’s Int’l by 24.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 14,316 shares of the company’s stock worth $726,000 after acquiring an additional 2,850 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Papa John’s Int’l during the first quarter worth approximately $232,000. Institutional investors and hedge funds own 82.79% of the company’s stock.
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About Papa John’s Int’l
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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