Wall Street brokerages forecast that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will report earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Papa John’s Int’l’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.46. Papa John’s Int’l reported earnings of $0.28 per share during the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The firm is scheduled to issue its next earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Papa John’s Int’l will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.63. For the next financial year, analysts expect that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.65 to $2.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Papa John’s Int’l.
Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.25). Papa John’s Int’l had a net margin of 0.92% and a negative return on equity of 14.40%. The firm had revenue of $409.86 million for the quarter, compared to the consensus estimate of $413.61 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year.
Several equities analysts have recently weighed in on the company. Stephens boosted their target price on Papa John’s Int’l from $83.00 to $94.00 in a research report on Friday, June 26th. BidaskClub downgraded Papa John’s Int’l from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. MKM Partners raised their target price on Papa John’s Int’l from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised their target price on Papa John’s Int’l from $67.00 to $83.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank lifted their price target on Papa John’s Int’l from $59.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Papa John’s Int’l currently has an average rating of “Buy” and an average price target of $81.07.
Shares of PZZA traded up $1.74 during mid-day trading on Thursday, hitting $84.93. 30,763 shares of the stock were exchanged, compared to its average volume of 742,374. The company has a market cap of $2.74 billion, a PE ratio of 4,236.00, a price-to-earnings-growth ratio of 8.23 and a beta of 0.95. Papa John’s Int’l has a 52-week low of $28.55 and a 52-week high of $85.00. The firm has a 50-day moving average of $79.96 and a two-hundred day moving average of $67.45.
In other news, COO Jack H. Swaysland sold 1,420 shares of Papa John’s Int’l stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $82.07, for a total transaction of $116,539.40. Following the sale, the chief operating officer now owns 20,030 shares of the company’s stock, valued at $1,643,862.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.58% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in Papa John’s Int’l by 17.2% during the fourth quarter. Alliancebernstein L.P. now owns 3,423,576 shares of the company’s stock worth $216,199,000 after purchasing an additional 502,928 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Papa John’s Int’l by 70.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 838,896 shares of the company’s stock worth $52,976,000 after purchasing an additional 347,476 shares in the last quarter. Norges Bank bought a new stake in Papa John’s Int’l during the fourth quarter worth approximately $17,975,000. Maverick Capital Ltd. grew its position in Papa John’s Int’l by 843.2% in the fourth quarter. Maverick Capital Ltd. now owns 229,467 shares of the company’s stock worth $14,491,000 after buying an additional 205,138 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Papa John’s Int’l by 65.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 492,841 shares of the company’s stock worth $31,123,000 after buying an additional 194,116 shares during the last quarter.
About Papa John’s Int’l
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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