Brokerages Anticipate Papa John’s International, Inc. (NASDAQ:PZZA) Will Announce Quarterly Sales of $537.74 Million

Analysts expect Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) to post sales of $537.74 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Papa John’s International’s earnings, with the lowest sales estimate coming in at $531.79 million and the highest estimate coming in at $540.56 million. Papa John’s International reported sales of $511.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Papa John’s International will report full year sales of $2.17 billion for the current year, with estimates ranging from $2.14 billion to $2.20 billion. For the next financial year, analysts anticipate that the company will post sales of $2.33 billion, with estimates ranging from $2.28 billion to $2.35 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Papa John’s International.

Papa John’s International (NASDAQ:PZZA – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. Papa John’s International had a negative return on equity of 73.09% and a net margin of 5.80%. The business had revenue of $528.89 million for the quarter, compared to the consensus estimate of $524.71 million. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis.

PZZA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Papa John’s International from $136.00 to $122.00 and set a “hold” rating on the stock in a research report on Friday, February 25th. Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Tuesday, January 4th. KeyCorp reduced their target price on Papa John’s International from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. Northcoast Research raised Papa John’s International from a “neutral” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Wednesday, February 2nd. Finally, StockNews.com cut Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $139.33.

Shares of Papa John’s International stock opened at $101.83 on Tuesday. The stock’s 50-day simple moving average is $105.14 and its 200-day simple moving average is $118.72. Papa John’s International has a 52 week low of $91.53 and a 52 week high of $140.68. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -5,091.50, a PEG ratio of 1.84 and a beta of 1.02.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Monday, February 7th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.37%. Papa John’s International’s dividend payout ratio is -7,000.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PZZA. Allspring Global Investments Holdings LLC bought a new position in shares of Papa John’s International during the fourth quarter valued at approximately $100,365,000. BlackRock Inc. grew its stake in shares of Papa John’s International by 16.1% during the fourth quarter. BlackRock Inc. now owns 4,041,787 shares of the company’s stock valued at $539,456,000 after buying an additional 560,069 shares during the last quarter. Invesco Ltd. grew its stake in shares of Papa John’s International by 94.5% during the fourth quarter. Invesco Ltd. now owns 1,079,046 shares of the company’s stock valued at $144,019,000 after buying an additional 524,219 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Papa John’s International during the third quarter valued at approximately $51,652,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Papa John’s International by 5,206.4% in the third quarter. Victory Capital Management Inc. now owns 369,010 shares of the company’s stock valued at $46,860,000 after purchasing an additional 362,056 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Papa John’s International (Get Rating)

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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