Zacks: Analysts Anticipate Papa John’s International, Inc. (NASDAQ:PZZA) Will Post Quarterly Sales of $486.34 Million

Brokerages predict that Papa John’s International, Inc. (NASDAQ:PZZA) will post $486.34 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Papa John’s International’s earnings. The lowest sales estimate is $477.00 million and the highest is $495.00 million. Papa John’s International reported sales of $460.62 million in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report on Thursday, August 5th.

According to Zacks, analysts expect that Papa John’s International will report full-year sales of $1.97 billion for the current financial year, with estimates ranging from $1.95 billion to $1.99 billion. For the next financial year, analysts forecast that the firm will report sales of $2.08 billion, with estimates ranging from $2.02 billion to $2.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Papa John’s International.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, May 6th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.34. Papa John’s International had a negative return on equity of 31.74% and a net margin of 4.10%. The business had revenue of $511.70 million during the quarter, compared to analysts’ expectations of $466.89 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 24.8% on a year-over-year basis.

PZZA has been the subject of a number of recent analyst reports. Oppenheimer upped their price target on shares of Papa John’s International from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, February 22nd. BMO Capital Markets initiated coverage on shares of Papa John’s International in a report on Monday, March 29th. They issued an “outperform” rating and a $105.00 target price for the company. Credit Suisse Group raised their price target on Papa John’s International from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, February 23rd. Wedbush upped their price objective on Papa John’s International from $106.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 10th. Finally, KeyCorp cut their target price 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.21.

Several hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC raised its stake in Papa John’s International by 0.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 19,743 shares of the company’s stock valued at $1,675,000 after purchasing an additional 125 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Papa John’s International by 1.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 8,754 shares of the company’s stock valued at $776,000 after buying an additional 127 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Papa John’s International by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 12,194 shares of the company’s stock valued at $1,081,000 after buying an additional 200 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Papa John’s International by 3.1% in the 1st quarter. Financial Advocates Investment Management now owns 7,913 shares of the company’s stock valued at $701,000 after acquiring an additional 237 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Papa John’s International by 50.4% in the fourth quarter. Parallel Advisors LLC now owns 862 shares of the company’s stock worth $73,000 after acquiring an additional 289 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Papa John’s International stock traded down $0.31 during midday trading on Friday, hitting $101.27. The stock had a trading volume of 421,963 shares, compared to its average volume of 471,125. Papa John’s International has a 52-week low of $73.12 and a 52-week high of $110.33. The stock has a market capitalization of $3.35 billion, a P/E ratio of 52.63, a PEG ratio of 2.65 and a beta of 1.00. The stock has a fifty day moving average of $94.81.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Stockholders of record on Tuesday, May 11th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, May 10th. This represents a $0.90 annualized dividend and a dividend yield of 0.89%. Papa John’s International’s dividend payout ratio (DPR) is 64.29%.

Papa John’s International Company Profile

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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