Zacks Research Issues Pessimistic Estimate for PZZA Earnings

Papa Johns International, Inc. (NASDAQ:PZZA) – Research analysts at Zacks Research lowered their FY2024 earnings estimates for Papa Johns International in a report released on Thursday, November 21st. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings of $2.19 per share for the year, down from their previous forecast of $2.24. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm 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 business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share.

PZZA has been the topic of several other reports. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, November 8th. UBS Group boosted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Bank of America lifted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Papa Johns International presently has an average rating of “Hold” and an average target price of $60.82.

Papa Johns International Trading Up 4.3 %

NASDAQ:PZZA opened at $49.92 on Monday. The company has a 50 day simple moving average of $51.71 and a two-hundred day simple moving average of $48.28. The company has a market cap of $1.63 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.19. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after buying an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of Papa Johns International during the 3rd quarter valued at approximately $42,000. CWM LLC boosted its position in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the last quarter. US Bancorp DE grew its holdings in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Papa Johns International in the third quarter worth $156,000.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is currently 64.11%.

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.