Papa John’s International, Inc. (NASDAQ:PZZA) – Equities researchers at Oppenheimer upped their Q1 2021 earnings per share (EPS) estimates for shares of Papa John’s International in a research report issued to clients and investors on Monday, February 22nd. Oppenheimer analyst B. Bittner now forecasts that the company will post earnings of $0.61 per share for the quarter, up from their previous forecast of $0.58. Oppenheimer has a “Outperform” rating and a $125.00 price objective on the stock. Oppenheimer also issued estimates for Papa John’s International’s Q3 2021 earnings at $0.58 EPS and FY2021 earnings at $2.21 EPS.
Other equities research analysts have also issued reports about the company. Wedbush lifted their price objective on Papa John’s International from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 9th. KeyCorp lifted their price objective on Papa John’s International from $94.00 to $115.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded Papa John’s International from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $91.00 in a research report on Tuesday, November 10th. Stephens lifted their price objective on Papa John’s International from $95.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Finally, MKM Partners lowered their price objective on Papa John’s International from $93.00 to $91.00 in a research note on Thursday, January 7th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $99.41.
Shares of PZZA stock opened at $103.66 on Tuesday. The firm has a market cap of $3.42 billion, a P/E ratio of 129.58, a P/E/G ratio of 5.50 and a beta of 1.03. Papa John’s International has a fifty-two week low of $28.55 and a fifty-two week high of $110.33. The business’s 50 day moving average price is $99.64 and its 200-day moving average price is $89.14.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Monday, February 8th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, February 5th. Papa John’s International’s dividend payout ratio (DPR) is presently 76.92%.
In related news, Director Olivia F. Kirtley sold 14,138 shares of the company’s stock in a transaction on Monday, November 30th. The stock was sold at an average price of $80.42, for a total transaction of $1,136,977.96. Following the completion of the sale, the director now owns 205,280 shares in the company, valued at $16,508,617.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.58% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of PZZA. US Bancorp DE increased its position in Papa John’s International by 72.4% during the third quarter. US Bancorp DE now owns 493 shares of the company’s stock valued at $41,000 after acquiring an additional 207 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Papa John’s International in the third quarter worth about $49,000. Parallel Advisors LLC boosted its stake in shares of Papa John’s International by 50.4% in the fourth quarter. Parallel Advisors LLC now owns 862 shares of the company’s stock worth $73,000 after acquiring an additional 289 shares during the period. International Assets Investment Management LLC bought a new position in shares of Papa John’s International in the fourth quarter worth about $78,000. Finally, CWM LLC boosted its stake in shares of Papa John’s International by 519.8% in the third quarter. CWM LLC now owns 1,252 shares of the company’s stock worth $103,000 after acquiring an additional 1,050 shares during the period.
About Papa John’s 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
Featured Story: What is the Coverage Ratio?
Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.