Papa Johns International, Inc. (PZZA) To Go Ex-Dividend on February 10th

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Monday, January 27th,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.46 per share on Friday, February 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, February 10th.

Papa Johns International has raised its dividend by an average of 17.0% per year over the last three years. Papa Johns International has a dividend payout ratio of 68.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Papa Johns International to earn $2.40 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 76.7%.

Papa Johns International Stock Down 0.1 %

Shares of PZZA stock opened at $39.38 on Wednesday. Papa Johns International has a 52 week low of $35.28 and a 52 week high of $76.91. The stock has a market capitalization of $1.29 billion, a PE ratio of 13.72, a P/E/G ratio of 1.77 and a beta of 1.19. The firm has a 50 day moving average of $42.72 and a two-hundred day moving average of $46.55.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Analysts expect that Papa Johns International will post 2.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on PZZA shares. UBS Group dropped their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Wednesday, January 15th. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a report on Monday, January 13th. Bank of America lifted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group lowered their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.83.

Papa Johns International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.