Research Analysts Issue Forecasts for PZZA FY2024 Earnings

Papa Johns International, Inc. (NASDAQ:PZZA) – Stock analysts at KeyCorp issued their FY2024 earnings per share estimates for Papa Johns International in a report issued on Wednesday, November 13th. KeyCorp analyst E. Gonzalez expects that the company will earn $2.20 per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. KeyCorp also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.49 EPS.

Several other brokerages have also issued reports on PZZA. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, November 8th. BMO Capital Markets decreased their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Thursday, November 7th. Bank of America raised their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and an average price target of $60.82.

Papa Johns International Price Performance

Shares of PZZA opened at $47.15 on Monday. The firm’s 50 day simple moving average is $51.76 and its 200 day simple moving average is $48.48. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.37 and a beta of 1.19. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company 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%. Papa Johns International’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors have recently modified their holdings of PZZA. Seven Eight Capital LP boosted its stake in shares of Papa Johns International by 396.0% during the first quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock valued at $1,105,000 after purchasing an additional 13,246 shares in the last quarter. Vanguard Group Inc. boosted its position in Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after acquiring an additional 166,246 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Papa Johns International by 19.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after acquiring an additional 176,470 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Papa Johns International by 4.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after acquiring an additional 40,996 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after buying an additional 281,399 shares during the last quarter.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.90%. Papa Johns International’s payout ratio is 64.11%.

About Papa Johns International

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.