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

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

Papa Johns International Price Performance

Papa Johns International stock opened at $55.09 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 3.66 and a beta of 1.19. The stock’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $49.17. Papa Johns International has a one year low of $39.90 and a one year high of $78.67.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is currently 64.11%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PZZA shares. Piper Sandler reduced their price objective on shares of 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. UBS Group raised 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. Stephens reiterated an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Thursday. Bank of America increased their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.