Papa John’s International, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Friday, October 27th, RTT News reports. Stockholders of record on Tuesday, November 7th will be given a dividend of 0.225 per share on Friday, November 17th. This represents a $0.90 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, November 6th.
Shares of Papa John’s International (NASDAQ:PZZA) opened at $58.59 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of -8.26. Papa John’s International has a 12 month low of $57.22 and a 12 month high of $90.49. The stock has a market cap of $2,086.05, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.47.
Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The business had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. sell-side analysts predict that Papa John’s International will post 2.76 earnings per share for the current fiscal year.
Papa John’s International announced that its board has authorized a stock repurchase plan on Tuesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 198% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently issued reports on PZZA. Zacks Investment Research raised shares of Papa John’s International from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Instinet reiterated a “neutral” rating and issued a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a report on Monday, July 31st. Stephens upped their target price on Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. Finally, Citigroup Inc. began coverage on Papa John’s International in a research report on Monday, September 18th. They issued a “buy” rating and a $90.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Papa John’s International has an average rating of “Hold” and a consensus target price of $79.56.
In other Papa John’s International news, Director Wayne Kent Taylor purchased 8,860 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $57.53 per share, with a total value of $509,715.80. Following the acquisition, the director now owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy C. Ohern sold 9,218 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the transaction, the senior vice president now directly owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by company insiders.
Papa John’s International Company Profile
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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