Papa John’s International, Inc. (NASDAQ:PZZA – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $32.72, but opened at $36.09. Papa John’s International shares last traded at $34.8190, with a volume of 754,612 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on PZZA shares. Piper Sandler cut their price objective on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Mizuho dropped their price objective on shares of Papa John’s International from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday. Benchmark dropped their price objective on shares of Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, May 8th. UBS Group dropped their price objective on shares of Papa John’s International from $42.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Finally, Stephens restated an “overweight” rating on shares of Papa John’s International in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Papa John’s International presently has an average rating of “Hold” and a consensus target price of $38.50.
Get Our Latest Stock Report on Papa John’s International
Papa John’s International Stock Performance
Papa John’s International (NASDAQ:PZZA – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $478.61 million for the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, research analysts forecast that Papa John’s International, Inc. will post 1.51 EPS for the current year.
Papa John’s International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, May 18th. This represents a $1.84 annualized dividend and a dividend yield of 5.4%. Papa John’s International’s payout ratio is presently 221.69%.
Institutional Trading of Papa John’s International
Several institutional investors and hedge funds have recently made changes to their positions in PZZA. Irenic Capital Management LP bought a new stake in shares of Papa John’s International during the 3rd quarter valued at $51,699,000. Marshall Wace LLP bought a new stake in shares of Papa John’s International during the 4th quarter valued at $12,969,000. Quinn Opportunity Partners LLC bought a new stake in shares of Papa John’s International during the 4th quarter valued at $12,767,000. 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. Finally, Gumshoe Capital Management LLC bought a new stake in shares of Papa John’s International during the 4th quarter valued at $10,034,000.
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.
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