Papa Johns International, Inc. (NASDAQ:PZZA) Plans $0.46 Quarterly Dividend

Papa Johns International, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Tuesday, October 29th,RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, November 18th.

Papa Johns International has raised its dividend by an average of 25.1% per year over the last three years. Papa Johns International has a dividend payout ratio of 71.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Papa Johns International to earn $2.46 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 74.8%.

Papa Johns International Stock Performance

NASDAQ PZZA opened at $47.32 on Friday. The business has a fifty day moving average price of $51.77 and a 200 day moving average price of $48.82. The company has a market cap of $1.54 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 1.19. Papa Johns International has a one year low of $39.90 and a one year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, sell-side analysts predict that Papa Johns International will post 2.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PZZA has been the subject of a number of analyst reports. Piper Sandler dropped their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, November 8th. Bank of America boosted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, UBS Group lifted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.82.

About Papa Johns 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.