Papa John’s Int’l, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Tuesday, October 22nd, Fidelity reports. Investors of record on Monday, November 11th will be given a dividend of 0.225 per share on Friday, November 22nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 7th.
Papa John’s Int’l stock traded up $0.69 during midday trading on Tuesday, reaching $57.95. 37,191 shares of the stock were exchanged, compared to its average volume of 883,945. The company’s fifty day moving average is $54.25 and its 200-day moving average is $49.27. The firm has a market cap of $1.84 billion, a PE ratio of 43.21, a PEG ratio of 5.77 and a beta of 0.41. Papa John’s Int’l has a 52 week low of $38.29 and a 52 week high of $60.56.
Papa John’s Int’l (NASDAQ:PZZA) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.06. The business had revenue of $399.62 million for the quarter, compared to analyst estimates of $394.39 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. Papa John’s Int’l’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts forecast that Papa John’s Int’l will post 1.15 EPS for the current year.
In related news, major shareholder John H. Schnatter sold 475,861 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $43.22, for a total transaction of $20,566,712.42. Following the transaction, the insider now owns 4,785,682 shares of the company’s stock, valued at approximately $206,837,176.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder John H. Schnatter sold 100,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $57.58, for a total transaction of $5,758,000.00. Following the transaction, the insider now directly owns 4,789,682 shares in the company, valued at approximately $275,789,889.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 675,861 shares of company stock worth $30,604,712. 43.00% of the stock is owned by insiders.
A number of research firms recently weighed in on PZZA. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Papa John’s Int’l in a report on Tuesday, August 27th. BidaskClub lowered shares of Papa John’s Int’l from a “strong-buy” rating to a “buy” rating in a report on Saturday. Oppenheimer began coverage on shares of Papa John’s Int’l in a report on Tuesday, September 17th. They issued a “market perform” rating on the stock. MKM Partners began coverage on shares of Papa John’s Int’l in a report on Tuesday, August 13th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Northcoast Research reissued a “buy” rating on shares of Papa John’s Int’l in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Papa John’s Int’l has an average rating of “Buy” and a consensus price target of $60.44.
Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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