Zacks Investment Research downgraded shares of Papa John’s Int’l (NASDAQ:PZZA) from a hold rating to a sell rating in a research report report published on Wednesday morning.
According to Zacks, “Shares of Papa John’s have underperformed the industry in the past year. During third-quarter 2018, both earnings and revenues lagged the Zacks Consensus Estimate and also declined year over year. This downside can be attributed to dismal domestic company-owned restaurant sales and a decline in North America commissary sales on weak volumes. This was partially mitigated by higher international sales, other revenues and a positive impact of the forex rates. Moreover, the company is likely to benefit from its consistent international expansion plans and strategic partnerships. Also, Papa John’s is investing heavily in technology-driven initiatives like digital ordering to boost sales. Additionally, in order to revive its brand image and reinvigorate growth, the company announced an assistance program for its U.S. and Canada franchisees.”
Several other equities research analysts also recently weighed in on PZZA. Stephens reissued a buy rating and set a $60.00 price target on shares of Papa John’s Int’l in a research report on Tuesday, August 7th. Stifel Nicolaus reduced their price target on shares of Papa John’s Int’l from $38.00 to $35.00 and set a sell rating for the company in a research report on Wednesday, August 8th. ValuEngine raised shares of Papa John’s Int’l from a sell rating to a hold rating in a research report on Friday, August 10th. Longbow Research raised shares of Papa John’s Int’l from a neutral rating to a buy rating in a research report on Monday, August 13th. Finally, Citigroup reduced their price target on shares of Papa John’s Int’l from $62.00 to $51.00 and set a buy rating for the company in a research report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $59.50.
Shares of PZZA opened at $45.08 on Wednesday. The company has a market cap of $1.45 billion, a P/E ratio of 24.90, a PEG ratio of 2.47 and a beta of 0.19. Papa John’s Int’l has a twelve month low of $38.05 and a twelve month high of $69.45.
Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). The firm had revenue of $364.01 million for the quarter, compared to the consensus estimate of $390.62 million. Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 27.98%. Papa John’s Int’l’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. On average, research analysts forecast that Papa John’s Int’l will post 1.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 12th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, November 8th. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 34.35%.
A number of large investors have recently bought and sold shares of PZZA. Alps Advisors Inc. bought a new stake in Papa John’s Int’l in the 2nd quarter worth approximately $324,000. First Trust Advisors LP bought a new stake in Papa John’s Int’l in the 2nd quarter worth approximately $865,000. Price Capital Management Inc. bought a new stake in Papa John’s Int’l in the 2nd quarter worth approximately $644,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Papa John’s Int’l in the 2nd quarter worth approximately $322,000. Finally, Huber Financial Advisors LLC bought a new stake in Papa John’s Int’l in the 2nd quarter worth approximately $440,000. 80.47% of the stock is owned by institutional investors and hedge funds.
About Papa John’s Int’l
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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.
See Also: Return on Investment (ROI)
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