Papa John's Int'l, Inc. (PZZA) Expected to Post Quarterly Sales of $469.48 Million

Equities analysts expect Papa John's Int'l, Inc. (NASDAQ:PZZA) to report $469.48 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Papa John's Int'l’s earnings. The lowest sales estimate is $461.72 million and the highest is $477.02 million. Papa John's Int'l posted sales of $439.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Papa John's Int'l will report full-year sales of $469.48 million for the current year, with estimates ranging from $1.78 billion to $1.79 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.81 billion per share, with estimates ranging from $1.80 billion to $1.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Papa John's Int'l.

PZZA has been the subject of a number of recent analyst reports. Nomura dropped their price target on shares of Papa John's Int'l from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Zacks Investment Research cut shares of Papa John's Int'l from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Jefferies Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Papa John's Int'l in a research note on Friday, November 3rd. TheStreet cut shares of Papa John's Int'l from a “b” rating to a “c+” rating in a research note on Tuesday, October 31st. Finally, Deutsche Bank initiated coverage on shares of Papa John's Int'l in a research note on Monday, December 18th. They set a “hold” rating and a $63.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Papa John's Int'l presently has an average rating of “Hold” and an average target price of $76.60.

Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC boosted its position in Papa John's Int'l by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock valued at $132,000 after buying an additional 800 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Papa John's Int'l in the 3rd quarter valued at about $152,000. Nine Chapters Capital Management LLC bought a new stake in shares of Papa John's Int'l in the 3rd quarter valued at about $219,000. Amalgamated Bank raised its holdings in shares of Papa John's Int'l by 4.9% in the 2nd quarter. Amalgamated Bank now owns 3,908 shares of the company’s stock valued at $280,000 after purchasing an additional 183 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Papa John's Int'l by 13,810.3% in the 3rd quarter. Stephens Inc. AR now owns 4,034 shares of the company’s stock valued at $295,000 after purchasing an additional 4,005 shares in the last quarter. 83.99% of the stock is owned by institutional investors.

Papa John's Int'l (PZZA) traded up $1.00 during mid-day trading on Thursday, hitting $57.11. 1,275,516 shares of the company were exchanged, compared to its average volume of 1,231,464. Papa John's Int'l has a 52-week low of $55.05 and a 52-week high of $86.99. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21. The stock has a market cap of $2,001.25, a PE ratio of 21.07, a PEG ratio of 1.52 and a beta of 0.53.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be given a $0.225 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.90 annualized dividend and a yield of 1.58%. Papa John's Int'l’s dividend payout ratio (DPR) is 31.03%.

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Papa John's Int'l Company Profile

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.

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