Papa John’s International, Inc. (NASDAQ:PZZA) Declares $0.46 Quarterly Dividend

Papa John’s International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.46 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, May 18th.

Papa John’s International has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Papa John’s International has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Papa John’s International to earn $1.86 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 98.9%.

Papa John’s International Price Performance

Shares of PZZA traded down $1.03 on Wednesday, hitting $33.78. The company’s stock had a trading volume of 1,939,392 shares, compared to its average volume of 1,192,621. The company has a market capitalization of $1.11 billion, a PE ratio of 37.96, a PEG ratio of 2.98 and a beta of 1.18. Papa John’s International has a fifty-two week low of $29.55 and a fifty-two week high of $55.74. The company has a 50 day moving average price of $34.59 and a 200 day moving average price of $38.39.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $498.18 million for the quarter, compared to the consensus estimate of $517.25 million. Papa John’s International had a negative return on equity of 11.16% and a net margin of 1.44%.Papa John’s International’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. On average, equities analysts forecast that Papa John’s International will post 1.53 EPS for the current year.

Institutional Trading of Papa John’s International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Earnest Partners LLC raised its position in shares of Papa John’s International by 19.6% during the 4th quarter. Earnest Partners LLC now owns 1,947,248 shares of the company’s stock valued at $74,950,000 after acquiring an additional 318,816 shares during the last quarter. Bank of America Corp DE raised its position in shares of Papa John’s International by 10.5% during the 2nd quarter. Bank of America Corp DE now owns 1,700,062 shares of the company’s stock valued at $83,201,000 after acquiring an additional 161,906 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Papa John’s International by 2.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,657,994 shares of the company’s stock valued at $63,816,000 after acquiring an additional 42,810 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Papa John’s International by 27.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,174,369 shares of the company’s stock valued at $56,546,000 after acquiring an additional 251,560 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Papa John’s International by 2.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,108,612 shares of the company’s stock valued at $53,380,000 after acquiring an additional 21,742 shares during the last quarter.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.