Wedbush Expects Lower Earnings for Papa Johns International

Papa Johns International, Inc. (NASDAQ:PZZA) – Research analysts at Wedbush decreased their FY2024 earnings per share (EPS) estimates for shares of Papa Johns International in a note issued to investors on Wednesday, January 15th. Wedbush analyst N. Setyan now anticipates that the company will earn $2.10 per share for the year, down from their previous forecast of $2.16. Wedbush has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Papa Johns International’s current full-year earnings is $2.21 per share. Wedbush also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.40 EPS and Q1 2025 earnings at $0.60 EPS.

A number of other analysts have also recently weighed in on the company. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Stephens restated an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research report on Monday. UBS Group dropped their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Bank of America lifted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group cut their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.33.

Papa Johns International Trading Down 0.6 %

Shares of Papa Johns International stock opened at $36.61 on Thursday. Papa Johns International has a 12-month low of $35.50 and a 12-month high of $78.67. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.72 and a beta of 1.19. The company has a fifty day simple moving average of $44.66 and a 200-day simple moving average of $46.84.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Monday, November 18th. Papa Johns International’s payout ratio is 64.11%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its stake in Papa Johns International by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 5,386 shares of the company’s stock valued at $253,000 after acquiring an additional 827 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Papa Johns International by 115.0% in the 2nd quarter. Hsbc Holdings PLC now owns 85,440 shares of the company’s stock valued at $3,988,000 after acquiring an additional 45,707 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new stake in shares of Papa Johns International in the second quarter worth $282,000. Inspire Investing LLC boosted its position in Papa Johns International by 40.4% during the 2nd quarter. Inspire Investing LLC now owns 7,536 shares of the company’s stock worth $354,000 after acquiring an additional 2,170 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares during the period.

About Papa Johns International

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.