Jefferies Financial Group Weighs in on Papa John’s International, Inc.’s Q4 2022 Earnings (NASDAQ:PZZA)

Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) – Research analysts at Jefferies Financial Group cut their Q4 2022 EPS estimates for Papa John’s International in a note issued to investors on Friday, May 6th. Jefferies Financial Group analyst A. Slagle now forecasts that the company will post earnings of $0.86 per share for the quarter, down from their prior forecast of $0.92.

Papa John’s International (NASDAQ:PZZAGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $542.69 million for the quarter, compared to analysts’ expectations of $540.38 million. Papa John’s International had a negative return on equity of 75.29% and a net margin of 4.60%. Papa John’s International’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share.

A number of other analysts have also commented on PZZA. Stephens dropped their price target on Papa John’s International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Stifel Nicolaus dropped their price target on Papa John’s International from $165.00 to $155.00 in a report on Thursday, February 24th. MKM Partners dropped their price target on Papa John’s International from $135.00 to $120.00 in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Papa John’s International from $122.00 to $109.00 in a report on Friday. Finally, StockNews.com lowered Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $134.60.

Shares of NASDAQ:PZZA opened at $87.36 on Monday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -158.84, a PEG ratio of 1.66 and a beta of 1.05. Papa John’s International has a 12-month low of $86.37 and a 12-month high of $140.68. The business’s 50 day moving average is $100.42 and its 200 day moving average is $115.93.

Several large investors have recently added to or reduced their stakes in the stock. Aigen Investment Management LP bought a new stake in shares of Papa John’s International during the 1st quarter valued at $467,000. New York State Common Retirement Fund raised its stake in shares of Papa John’s International by 13.6% during the 1st quarter. New York State Common Retirement Fund now owns 197,471 shares of the company’s stock valued at $20,790,000 after purchasing an additional 23,683 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Papa John’s International by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 10,804 shares of the company’s stock valued at $1,136,000 after purchasing an additional 313 shares during the period. California Public Employees Retirement System raised its stake in shares of Papa John’s International by 2.9% during the 1st quarter. California Public Employees Retirement System now owns 74,400 shares of the company’s stock valued at $7,833,000 after purchasing an additional 2,076 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in shares of Papa John’s International by 13.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 700,083 shares of the company’s stock valued at $73,705,000 after purchasing an additional 83,195 shares during the period. Institutional investors own 98.48% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be paid a $0.35 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.60%. Papa John’s International’s payout ratio is presently -254.55%.

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.

Further Reading

Earnings History and Estimates for Papa John's International (NASDAQ:PZZA)

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