Zacks Research Analysts Decrease Earnings Estimates for PZZA

Papa Johns International, Inc. (NASDAQ:PZZA) – Analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Papa Johns International in a research note issued on Thursday, November 21st. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $2.19 for the year, down from their prior forecast of $2.24. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. UBS Group upped their target price on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, November 8th. Finally, Piper Sandler lowered their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International currently has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Stock Performance

Papa Johns International stock opened at $49.24 on Monday. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.51 and a beta of 1.19. The stock has a fifty day moving average of $51.70 and a two-hundred day moving average of $48.25.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. During the same quarter last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.74%. Papa Johns International’s dividend payout ratio is currently 64.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after buying an additional 166,246 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of Papa Johns International by 88.1% during the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after purchasing an additional 1,070,485 shares during the last quarter. Earnest Partners LLC grew its stake in Papa Johns International by 25.9% in the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after purchasing an additional 446,477 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in Papa Johns International in the second quarter valued at about $93,586,000. Finally, Sei Investments Co. raised its stake in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after buying an additional 281,399 shares in the last quarter.

About Papa Johns 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.