Second quarter 2021 EPS estimates for Papa John’s International, Inc. boosted by Jefferies Financial Group (NASDAQ: PZZA)
Papa John’s International, Inc. (NASDAQ: PZZA) – Equity research analysts at Jefferies Financial Group raised their estimates of second quarter 2021 earnings per share (EPS) for Papa John’s International in a report released Thursday, May 6 . Jefferies Financial Group analyst A. Slagle now expects the company to post earnings per share of $ 0.69 for the quarter, up from its previous forecast of $ 0.56. Jefferies Financial Group also released estimates for Papa John’s International Q3 2021 profit at $ 0.64, Q3 2022 profit at $ 0.71, Q4 2022 profit at $ 0.66, and FY2022 profit at 3.05. USD. Papa John’s International (NASDAQ: PZZA) last released its quarterly earnings data on Thursday, May 6. The company reported EPS of $ 0.90 for the quarter, beating analyst consensus estimates of $ 0.56 by $ 0.34. Papa John’s International recorded a negative return on equity of 18.31% and a net margin of 2.14%. The company posted revenue of $ 511.70 million for the quarter, compared to the consensus estimate of $ 466.89 million. In the same quarter of the previous year, the company posted earnings per share of $ 0.15. The company’s revenue grew 24.8% year over year.
Other research analysts have also recently published reports on the company. Oppenheimer raised its price target on Papa John’s International from $ 110.00 to $ 125.00 and gave the company an “outperformance” rating in a Monday March 1 report. Credit Suisse Group increased its price target on Papa John’s International from $ 110.00 to $ 113.00 and gave the stock an “outperformance” rating in a research report on Monday March 1. BMO Capital Markets assumed coverage of Papa John’s International in a report on Monday, March 29. They set an “outperform” rating and a price target of $ 105.00 on the stock. KeyCorp lowered its price target on Papa John’s International from $ 115.00 to $ 112.00 and established an “overweight” rating on the stock in a Monday March 1 report. Finally, Stephens raised its price target on Papa John’s International from $ 110.00 to $ 115.00 and gave the company an “overweight” rating in a report Thursday. Two analysts rated the stock with a sustaining rating and thirteen gave the company’s stock a buy rating. Papa John’s International currently has a consensus rating of “Buy” and an average price target of $ 106.00.
PZZA opened at $ 99.35 on Monday. The stock has a market cap of $ 3.27 billion, a price / earnings ratio of 124.19, a P / E / G ratio of 5.50 and a beta of 1.03. Papa John’s International has a one-year low of $ 71.35 and a one-year high of $ 110.33. The business has a 50-day moving average of $ 92.28 and a 200-day moving average of $ 89.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21. Shareholders of record on Tuesday, May 11 will receive a dividend of $ 0.225. This represents a dividend of $ 0.90 on an annualized basis and a return of 0.91%. The ex-dividend date of this dividend is Monday May 10. Papa John’s International’s dividend payout ratio is 76.92%.
A number of hedge funds and other institutional investors have recently changed their holdings in PZZA. Alliancebernstein LP increased its stake in Papa John’s International by 40.6% in the first quarter. Alliancebernstein LP now owns 1,492,811 shares of the company valued at $ 132,323,000 after purchasing an additional 431,113 shares in the last quarter. Norges Bank purchased a new stake in shares of Papa John’s International during the 4th quarter valued at $ 29,809,000. Stephens Investment Management Group LLC increased its position in Papa John’s International shares by 83.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 506,356 shares of the company valued at $ 42,964,000 after acquiring an additional 229,593 shares during the period. Principal Financial Group Inc. increased its position in Papa John’s International shares by 200.2% during the 4th quarter. Principal Financial Group Inc. now owns 298,589 shares of the company valued at $ 25,335,000 after acquiring an additional 199,126 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in Papa John’s International shares during the 4th quarter, valued at $ 14,335,000.
Papa John’s International Company Profile
Papa John’s International, Inc. operates and franchises pizza delivery and sales restaurants under the Papa John’s brand in the United States and around the world. It operates through four segments: national restaurants, commissioners in North America, franchising in North America and international operations.
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