Jefferies Financial Group analysts raise earnings estimates for Papa John’s International, Inc. (NASDAQ: PZZA)
Papa John’s International, Inc. (NASDAQ: PZZA) – Investment analysts at Jefferies Financial Group increased their earnings estimates for the first quarter of 2022 for shares of Papa John’s International in a research report released to clients and investors on Thursday August 5. Jefferies Financial Group analyst A. Slagle now predicts the company will post earnings of $ 0.93 per share for the quarter, up from its previous forecast of $ 0.89. Jefferies Financial Group also released Papa John’s International earnings estimates for the second quarter of 2022 at $ 0.93 per share, third quarter 2022 earnings at $ 0.75 per share, and fiscal year 2023 earnings at 3 , $ 89 per share.
A number of other analysts have also weighed on PZZA recently. Deutsche Bank Aktiengesellschaft raised its price target on Papa John’s International shares from $ 111.00 to $ 127.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp raised its price target on Papa John’s International shares from $ 124.00 to $ 132.00 and rated the company as “overweight” in a research report released Friday. Zacks Investment Research Upgraded Papa John’s International Shares From A “Hold” Rating To A “Strong Buy” Rating And Set A Price Target Of $ 121.00 On The Stock In A Research Report On Tuesday, July 6 . Wedbush raised its price target for Papa John’s International stock from $ 106.00 to $ 110.00 and rated the stock as “outperforming” in a report released on Monday, May 10. Finally, BTIG Research raised its price target for Papa John’s International stock from $ 115 to $ 135 and gave the stock a “buy” rating in a report released on Tuesday, August 3. One analyst assigned a conservation rating to the stock, ten assigned a buy rating and another assigned a high buy rating to the company’s stock. The company currently has an average “Buy” rating and a consensus price target of $ 123.00.
NASDAQ: PZZA shares opened at $ 119.87 on Monday. The company has a market cap of $ 3.96 billion, a P / E ratio of 62.11, a price / earnings-growth ratio of 2.66 and a beta of 1.01. The company has a 50-day moving average price of $ 106.89. Papa John’s International has a fifty-two week low of $ 73.12 and a fifty-two week high of $ 122.59. Papa John’s International (NASDAQ: PZZA) last reported its quarterly results on Thursday, August 5. The company reported earnings per share of $ 0.93 for the quarter, beating consensus analysts’ estimates of $ 0.69 by $ 0.24. Papa John’s International had a net margin of 4.10% and a negative return on equity of 31.74%.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 27. Shareholders of record on Monday August 16 will receive a dividend of $ 0.35 per share. This is a boost from Papa John’s International’s previous quarterly dividend of $ 0.23. This represents an annualized dividend of $ 1.40 and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday August 13. Papa John’s International’s dividend payout ratio (DPR) is currently 64.29%.
In addition, COO Jack H. Swaysland sold 7,246 shares of the company in a transaction that took place on Tuesday, July 6. The shares were sold at an average price of $ 104.15, for a total trade of $ 754,670.90. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through this link. 16.50% of the shares are held by insiders of the company.
Several large investors have recently increased or reduced their holdings in PZZA. Amundi Pioneer Asset Management Inc. bought a new position in Papa John’s International shares worth $ 138,000 in the first quarter. Los Angeles Capital Management LLC increased its stake in Papa John’s International shares by 0.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 19,743 shares of the company valued at $ 1,675,000 after purchasing an additional 125 shares in the last quarter. LPL Financial LLC increased its stake in Papa John’s International shares by 12.7% in the fourth quarter. LPL Financial LLC now owns 4,803 shares of the company valued at $ 408,000 after purchasing 542 additional shares in the last quarter. Morgan Stanley increased its stake in Papa John’s International shares by 62.5% in the fourth quarter. Morgan Stanley now owns 254,075 shares of the company valued at $ 21,557,000 after purchasing an additional 97,766 shares last quarter. Finally, Truist Financial Corp increased its stake in Papa John’s International shares by 30.4% in the fourth quarter. Truist Financial Corp now owns 11,279 shares of the company valued at $ 957,000 after purchasing an additional 2,631 shares in the last quarter. 98.04% of the shares are held by institutional investors and hedge funds.
About Papa John’s International
Papa John’s International, Inc. operates and franchises pizza delivery and take-out restaurants. It operates in the following segments: National Company Owned Restaurants, Commissioners in North America, Franchising in North America and International Operations. The Company-Owned National Restaurant segment comprises the operations of all of the Company-owned national restaurants and derives its revenue primarily from the retail sale of pizzas and accompanying items including breadsticks, bread sticks. cheese, poppers and chicken wings, desserts and canned or bottled products. beverages.
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