FY2024 Earnings Estimate for PZZA Issued By Zacks Research

Papa Johns International, Inc. (NASDAQ:PZZA) – Stock analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of Papa Johns International in a research report issued on Thursday, November 21st. Zacks Research analyst M. Kaushik now expects that the company will earn $2.19 per share for the year, down from their prior forecast of $2.24. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.34 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.43 EPS and FY2026 earnings at $2.67 EPS.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.

Several other research firms have also issued reports on PZZA. BMO Capital Markets dropped their price target on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Bank of America lifted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Piper Sandler dropped their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Stephens restated an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Stock Performance

PZZA opened at $50.01 on Monday. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67. The company has a 50-day moving average of $51.71 and a 200-day moving average of $48.28. The company has a market capitalization of $1.63 billion, a P/E ratio of 17.43, a PEG ratio of 2.51 and a beta of 1.19.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Hedge Funds Weigh In On Papa Johns International

Institutional investors have recently made changes to their positions in the business. 1832 Asset Management L.P. bought a new stake in shares of Papa Johns International in the second quarter valued at approximately $93,586,000. River Road Asset Management LLC boosted its holdings in Papa Johns International by 88.1% in the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after purchasing an additional 1,070,485 shares during the period. Cowen AND Company LLC acquired a new stake in Papa Johns International in the 2nd quarter worth $32,736,000. Earnest Partners LLC grew its position in Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after purchasing an additional 446,477 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Papa Johns International during the 3rd quarter worth about $15,845,000.

Papa Johns International Company Profile

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.