Papa John’s International, Inc. (NASDAQ:PZZA) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.82-2.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.84.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Papa John’s International from a hold rating to a buy rating and set a $88.00 price objective for the company in a report on Friday, August 18th. Jefferies Group LLC reiterated a hold rating and issued a $83.00 price target on shares of Papa John’s International in a research note on Friday, July 14th. Stephens lifted their price target on shares of Papa John’s International from $90.00 to $95.00 and gave the stock an overweight rating in a research note on Wednesday, August 2nd. Instinet reiterated a neutral rating and issued a $78.00 price target (down previously from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Finally, Citigroup Inc. began coverage on shares of Papa John’s International in a research note on Monday, September 18th. They issued a buy rating and a $90.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $82.11.
Shares of Papa John’s International, Inc. (NASDAQ PZZA) traded up 1.51% on Tuesday, reaching $68.05. 1,137,232 shares of the company were exchanged. The stock has a market capitalization of $2.48 billion, a PE ratio of 23.70 and a beta of 0.50. Papa John’s International, Inc. has a 1-year low of $65.95 and a 1-year high of $90.49. The company has a 50-day moving average price of $71.02 and a 200 day moving average price of $75.72.
Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The firm had revenue of $431.70 million during the quarter, compared to analyst estimates of $427.23 million. During the same period last year, the business earned $0.57 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, analysts forecast that Papa John’s International, Inc. will post $2.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, November 6th. Papa John’s International’s dividend payout ratio (DPR) is 31.36%.
Papa John’s International announced that its board has authorized a share repurchase program on Tuesday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 198% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
In other news, SVP Timothy C. Ohern sold 9,218 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the completion of the sale, the senior vice president now owns 35,650 shares of the company’s stock, valued at $2,676,602. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 27.70% of the stock is currently owned by company insiders.
About Papa John’s International
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
What are top analysts saying about Papa John's International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Papa John's International Inc. and related companies.