Zacks: Analysts Anticipate Papa John’s Int’l, Inc. (NASDAQ:PZZA) Will Post Quarterly Sales of $396.88 Million

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Analysts expect that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will post $396.88 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Papa John’s Int’l’s earnings, with the lowest sales estimate coming in at $392.81 million and the highest estimate coming in at $400.95 million. Papa John’s Int’l reported sales of $407.96 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Papa John’s Int’l will report full-year sales of $1.60 billion for the current year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts anticipate that the firm will report sales of $1.67 billion, with estimates ranging from $1.63 billion to $1.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The company had revenue of $398.41 million during the quarter, compared to analyst estimates of $384.67 million. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. Papa John’s Int’l’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. BidaskClub upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Stephens increased their price target on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Citigroup increased their price target on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and increased their price target for the stock from $35.00 to $45.00 in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Papa John’s Int’l currently has a consensus rating of “Buy” and an average price target of $56.80.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 200,083 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $50.71, for a total transaction of $10,146,208.93. Following the completion of the sale, the insider now directly owns 9,196,724 shares in the company, valued at approximately $466,365,874.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder John H. Schnatter sold 3,451,413 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $45.63, for a total transaction of $157,487,975.19. Following the sale, the insider now owns 5,509,583 shares of the company’s stock, valued at $251,402,272.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,765,557 shares of company stock valued at $173,644,058. 43.00% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new stake in Papa John’s Int’l during the 1st quarter valued at about $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Papa John’s Int’l in the first quarter worth approximately $32,000. PNC Financial Services Group Inc. grew its stake in shares of Papa John’s Int’l by 140.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after acquiring an additional 650 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of Papa John’s Int’l in the first quarter worth approximately $61,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Papa John’s Int’l in the fourth quarter worth approximately $105,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Shares of Papa John’s Int’l stock traded down $0.27 during trading on Wednesday, hitting $48.73. The company’s stock had a trading volume of 24,784 shares, compared to its average volume of 689,924. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.61 and a beta of 0.53. Papa John’s Int’l has a 52 week low of $38.05 and a 52 week high of $60.56.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.90 dividend on an annualized basis and a yield of 1.85%. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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