Papa Johns International (NASDAQ:PZZA) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Papa Johns International (NASDAQ:PZZA) posted its earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01, Briefing.com reports. The firm had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share.

Papa Johns International Stock Down 0.5 %

NASDAQ PZZA traded down $0.27 during mid-day trading on Friday, hitting $55.26. The stock had a trading volume of 712,531 shares, compared to its average volume of 988,113. The company has a 50 day simple moving average of $51.37 and a 200 day simple moving average of $49.33. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.66 and a beta of 1.19. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67.

Papa Johns International Announces Dividend

The business also recently declared 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 of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.33%. Papa Johns International’s payout ratio is 88.46%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research report on Thursday. UBS Group raised their price objective on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday. Piper Sandler cut their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, BMO Capital Markets cut their price target on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.82.

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.