Papa John’s International, Inc. (NASDAQ:PZZA) Expected to Post Q4 2022 Earnings of $0.89 Per Share

Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) – Oppenheimer lowered their Q4 2022 EPS estimates for shares of Papa John’s International in a note issued to investors on Thursday, May 5th. Oppenheimer analyst B. Bittner now expects that the company will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.98. Oppenheimer has a “Buy” rating and a $140.00 price target on the stock.

Papa John’s International (NASDAQ:PZZA – Get Rating) last posted 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. Papa John’s International had a net margin of 4.60% and a negative return on equity of 75.29%. The firm had revenue of $542.69 million during the quarter, compared to analysts’ expectations of $540.38 million. During the same period in the previous year, the business posted $0.90 EPS. The business’s revenue was up 6.0% compared to the same quarter last year.

PZZA has been the subject of several other research reports. BMO Capital Markets cut their price target on shares of Papa John’s International from $145.00 to $130.00 in a report on Friday. Wedbush cut their price target on shares of Papa John’s International from $120.00 to $112.00 in a report on Friday. BTIG Research cut their price target on shares of Papa John’s International from $155.00 to $125.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa John’s International from $122.00 to $109.00 in a report on Friday. Finally, Stephens cut their price target on shares of Papa John’s International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, February 25th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $134.60.

PZZA opened at $87.36 on Monday. The stock has a market cap of $3.15 billion, a P/E ratio of -158.84, a P/E/G ratio of 1.66 and a beta of 1.05. The firm has a fifty day moving average price of $100.42 and a 200 day moving average price of $115.93. Papa John’s International has a 1 year low of $86.37 and a 1 year high of $140.68.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new stake in shares of Papa John’s International in the fourth quarter valued at about $97,000. Okabena Investment Services Inc. acquired a new position in Papa John’s International in the fourth quarter valued at about $110,000. Gladius Capital Management LP acquired a new position in Papa John’s International in the fourth quarter valued at about $168,000. Northwestern Mutual Wealth Management Co. lifted its position in Papa John’s International by 110.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,275 shares of the company’s stock valued at $171,000 after buying an additional 670 shares during the last quarter. Finally, US Bancorp DE lifted its position in Papa John’s International by 20.2% in the third quarter. US Bancorp DE now owns 1,328 shares of the company’s stock valued at $169,000 after buying an additional 223 shares during the last quarter. 98.48% of the stock is owned by hedge funds and other institutional investors.

Papa John’s International Company Profile (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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