What is Zacks Research’s Estimate for PZZA FY2024 Earnings?

Papa Johns International, Inc. (NASDAQ:PZZA) – Investment analysts at Zacks Research reduced their FY2024 earnings estimates for shares of Papa Johns International in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst M. Kaushik now expects that the company will post earnings of $2.19 per share for the year, down from their previous estimate of $2.24. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year.

PZZA has been the topic of a number of other reports. Bank of America upped their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research note on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Price Performance

NASDAQ PZZA opened at $49.24 on Monday. The firm’s 50-day moving average is $51.70 and its two-hundred day moving average is $48.25. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67. The stock has a market capitalization of $1.61 billion, a P/E ratio of 17.16, a PEG ratio of 2.51 and a beta of 1.19.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds and other institutional investors have recently bought and sold shares of PZZA. Vanguard Group Inc. boosted its holdings in shares of Papa Johns International by 4.6% in the first 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 during the period. Natixis Advisors LLC increased its stake in Papa Johns International by 85.9% in the third quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock valued at $10,237,000 after purchasing an additional 87,801 shares during the period. Stephens Investment Management Group LLC raised its holdings in shares of Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after buying an additional 176,470 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Papa Johns International by 4.3% during the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after buying an additional 40,996 shares during the period. Finally, Sei Investments Co. grew its holdings 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 worth $57,042,000 after buying an additional 281,399 shares during the last quarter.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s payout ratio is 64.11%.

Papa Johns International Company Profile

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.