Papa John’s International (PZZA) traded up 9.64% during trading on Wednesday, hitting $77.99. The stock had a trading volume of 2,742,962 shares. Papa John’s International has a one year low of $70.73 and a one year high of $90.49. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 27.66 and a beta of 0.51. The stock’s 50-day moving average is $74.73 and its 200 day moving average is $78.90.
Papa John’s International, Inc. (NASDAQ:PZZA) issued its earnings results on Tuesday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01, Briefing.com reports. The company had revenue of $434.78 million during the quarter, compared to analysts’ expectations of $438.51 million. Papa John’s International had a return on equity of 11,469.18% and a net margin of 6.09%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.15%. Papa John’s International’s dividend payout ratio is currently 28.27%.
In other Papa John’s International news, CFO Lance F. Tucker sold 4,051 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.39, for a total transaction of $333,761.89. Following the completion of the sale, the chief financial officer now owns 25,522 shares of the company’s stock, valued at $2,102,757.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy C. Ohern sold 6,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $81.79, for a total value of $490,740.00. Following the sale, the senior vice president now directly owns 36,020 shares of the company’s stock, valued at approximately $2,946,075.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,447 shares of company stock valued at $1,656,182. Company insiders own 27.70% of the company’s stock.
Papa John’s International declared that its board has authorized a share repurchase program on Tuesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 198% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
Several analysts have issued reports on PZZA shares. Longbow Research restated a “buy” rating and issued a $95.00 target price on shares of Papa John’s International in a report on Monday, April 10th. Jefferies Group LLC set a $83.00 target price on Papa John’s International and gave the company a “hold” rating in a report on Wednesday, April 19th. Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Instinet upped their target price on Papa John’s International from $76.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 3rd. Finally, KeyCorp restated an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Papa John’s International presently has an average rating of “Hold” and a consensus target price of $89.17.
About Papa John’s International
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.