Papa John’s International (NASDAQ:PZZA) Posts Earnings Results, Misses Estimates By $0.08 EPS

Papa John’s International (NASDAQ:PZZA) posted its quarterly earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08), Zacks reports. The company had revenue of $508.15 million during the quarter, compared to analyst estimates of $523.67 million. Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%.The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share.

Papa John’s International Stock Down 4.1%

Shares of PZZA traded down $1.74 during trading hours on Friday, hitting $41.08. 2,404,231 shares of the company were exchanged, compared to its average volume of 1,394,991. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 4.46 and a beta of 1.10. Papa John’s International has a fifty-two week low of $30.16 and a fifty-two week high of $56.23. The firm’s fifty day moving average is $48.22 and its 200 day moving average is $45.53.

Papa John’s International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, November 17th. Papa John’s International’s dividend payout ratio is presently 81.42%.

Analyst Ratings Changes

Several brokerages have weighed in on PZZA. Deutsche Bank Aktiengesellschaft boosted their price objective on Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Papa John’s International in a report on Wednesday. Mizuho raised shares of Papa John’s International to a “hold” rating in a research report on Tuesday, October 28th. Stephens dropped their target price on shares of Papa John’s International from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of Papa John’s International in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Papa John’s International presently has a consensus rating of “Hold” and an average price target of $50.50.

Institutional Trading of Papa John’s International

A number of institutional investors and hedge funds have recently made changes to their positions in PZZA. Bank of America Corp DE lifted its stake in Papa John’s International by 10.5% in 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 purchasing an additional 161,906 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Papa John’s International by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 310,653 shares of the company’s stock worth $12,762,000 after purchasing an additional 62,103 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Papa John’s International by 18.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 192,823 shares of the company’s stock valued at $9,437,000 after buying an additional 30,576 shares during the last quarter. Monimus Capital Management LP increased its stake in shares of Papa John’s International by 62.3% in the second quarter. Monimus Capital Management LP now owns 115,729 shares of the company’s stock valued at $5,664,000 after buying an additional 44,440 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Papa John’s International by 81.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,592 shares of the company’s stock worth $4,625,000 after acquiring an additional 50,536 shares during the last quarter.

Papa John’s International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.