Zacks: Analysts Anticipate Papa John’s International, Inc. (NASDAQ:PZZA) Will Post Quarterly Sales of $475.28 Million


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Equities research analysts expect Papa John’s International, Inc. (NASDAQ:PZZA) to post sales of $475.28 million for the current quarter, according to Zacks. Eight analysts have issued estimates for Papa John’s International’s earnings, with estimates ranging from $460.49 million to $492.79 million. Papa John’s International reported sales of $409.86 million in the same quarter last year, which indicates a positive year over year growth rate of 16%. The business is expected to announce its next earnings results before the market opens on Thursday, May 6th.

On average, analysts expect that Papa John’s International will report full year sales of $1.89 billion for the current year, with estimates ranging from $1.86 billion to $1.92 billion. For the next year, analysts forecast that the business will post sales of $2.00 billion, with estimates ranging from $1.93 billion to $2.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Papa John’s International.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $469.81 million for the quarter, compared to the consensus estimate of $465.53 million. Papa John’s International had a net margin of 2.14% and a negative return on equity of 18.31%.

PZZA has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on Papa John’s International from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, March 1st. KeyCorp lowered their price objective on Papa John’s International from $115.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, March 1st. BMO Capital Markets initiated coverage on Papa John’s International in a research report on Monday, March 29th. They issued an “outperform” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Papa John’s International from $91.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Finally, Stephens raised their price objective on Papa John’s International from $99.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Papa John’s International currently has an average rating of “Buy” and a consensus target price of $102.71.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PZZA. Valeo Financial Advisors LLC raised its stake in shares of Papa John’s International by 125.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 675 shares of the company’s stock valued at $60,000 after buying an additional 375 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Papa John’s International by 50.4% during the 4th quarter. Parallel Advisors LLC now owns 862 shares of the company’s stock valued at $73,000 after acquiring an additional 289 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Papa John’s International during the 4th quarter valued at about $78,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Papa John’s International during the 1st quarter valued at about $138,000. Finally, CNB Bank grew its position in shares of Papa John’s International by 16.3% during the 4th quarter. CNB Bank now owns 1,700 shares of the company’s stock valued at $144,000 after acquiring an additional 238 shares during the period.

Shares of Papa John’s International stock traded down $1.35 during trading on Thursday, reaching $96.64. The company’s stock had a trading volume of 324,122 shares, compared to its average volume of 482,461. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 122.49, a P/E/G ratio of 5.50 and a beta of 1.03. Papa John’s International has a 1-year low of $71.35 and a 1-year high of $110.33. The company has a 50-day simple moving average of $91.52 and a two-hundred day simple moving average of $89.49.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Tuesday, May 11th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, May 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.93%. Papa John’s International’s payout ratio is currently 76.92%.

About Papa John’s International

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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Earnings History and Estimates for Papa John`s International (NASDAQ:PZZA)

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