Equities research analysts expect Papa John’s International, Inc. (NASDAQ:PZZA) to report sales of $444.63 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Papa John’s International’s earnings, with the highest sales estimate coming in at $456.56 million and the lowest estimate coming in at $432.69 million. Papa John’s International posted sales of $422.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The business is expected to announce its next earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Papa John’s International will report full year sales of $444.63 million for the current year, with estimates ranging from $1.79 billion to $1.83 billion. For the next financial year, analysts expect that the company will post sales of $1.83 billion per share, with estimates ranging from $1.81 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Papa John’s International.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $449.27 million for the quarter, compared to analyst estimates of $435.47 million. Papa John’s International had a return on equity of 11,469.18% and a net margin of 6.09%. During the same period in the prior year, the company posted $0.69 EPS.

Several analysts recently weighed in on the stock. Instinet boosted their price objective on shares of Papa John’s International from $76.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Papa John’s International in a research note on Monday, April 10th. Zacks Investment Research cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Jefferies Group LLC set a $83.00 price target on shares of Papa John’s International and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $89.43.

Papa John’s International (NASDAQ PZZA) opened at 73.96 on Friday. The firm has a 50-day moving average price of $80.19 and a 200-day moving average price of $81.61. Papa John’s International has a 12 month low of $63.77 and a 12 month high of $90.49. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 26.23 and a beta of 0.50.

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In other Papa John’s International news, CFO Lance F. Tucker sold 4,051 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $82.39, for a total value of $333,761.89. Following the completion of the sale, the chief financial officer now directly owns 25,522 shares of the company’s stock, valued at approximately $2,102,757.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $81.79, for a total transaction of $490,740.00. Following the completion of the sale, the senior vice president now directly owns 36,020 shares of the company’s stock, valued at $2,946,075.80. The disclosure for this sale can be found here. Insiders sold a total of 20,447 shares of company stock valued at $1,656,182 over the last ninety days. 27.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in shares of Papa John’s International by 20.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock worth $114,000 after buying an additional 242 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Papa John’s International by 20.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock worth $146,000 after buying an additional 308 shares in the last quarter. Elkfork Partners LLC bought a new position in Papa John’s International during the fourth quarter worth $157,000. Fifth Third Bancorp increased its position in Papa John’s International by 11.3% in the first quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock worth $169,000 after buying an additional 215 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Papa John’s International by 55.0% in the first quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock worth $175,000 after buying an additional 776 shares in the last quarter. 79.23% of the stock is owned by institutional investors and hedge funds.

About Papa John’s International

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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