Papa John’s International, Inc. (NASDAQ:PZZA) – Stock analysts at Jefferies Group raised their Q3 2017 earnings per share (EPS) estimates for Papa John’s International in a research note issued on Wednesday. Jefferies Group analyst A. Slagle now anticipates that the company will earn $0.59 per share for the quarter, up from their previous forecast of $0.57. Jefferies Group has a “Hold” rating and a $83.00 price target on the stock.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $434.78 million during the quarter, compared to the consensus estimate of $438.51 million. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. TRADEMARK VIOLATION WARNING: “Papa John’s International, Inc. to Post Q3 2017 Earnings of $0.59 Per Share, Jefferies Group Forecasts (NASDAQ:PZZA)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/07/papa-johns-international-inc-to-post-q3-2017-earnings-of-0-59-per-share-jefferies-group-forecasts-nasdaqpzza.html.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Papa John’s International from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Papa John’s International in a research note on Monday, April 10th. Stephens raised their target price on shares of Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet reaffirmed a “neutral” rating and set a $78.00 price objective (down from $84.00) on shares of Papa John’s International in a research report on Monday, July 31st. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.17.

Shares of Papa John’s International (NASDAQ:PZZA) opened at 76.96 on Monday. The company has a market capitalization of $2.80 billion, a P/E ratio of 26.81 and a beta of 0.51. The firm has a 50-day moving average of $74.73 and a 200 day moving average of $78.90. Papa John’s International has a 52-week low of $70.73 and a 52-week high of $90.49.

Papa John’s International announced that its board has authorized a share buyback program on Tuesday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 198% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.17%. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 3rd. Papa John’s International’s payout ratio is 31.36%.

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

Several large investors have recently bought and sold shares of PZZA. Sapphire Star Partners LP increased its stake in Papa John’s International by 8.7% in the first quarter. Sapphire Star Partners LP now owns 3,290 shares of the company’s stock worth $263,000 after buying an additional 263 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in Papa John’s International during the first quarter worth $317,000. Glen Harbor Capital Management LLC increased its stake 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. Profund Advisors LLC increased its stake in Papa John’s International by 0.6% in the first quarter. Profund Advisors LLC now owns 4,278 shares of the company’s stock worth $342,000 after buying an additional 25 shares in the last quarter. Finally, Waldron LP purchased a new stake in Papa John’s International during the first quarter worth $289,000. 78.58% of the stock is owned by institutional investors.

Papa John’s International Company Profile

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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