Papa John’s Int’l, Inc. Declares Quarterly Dividend of $0.23 (NASDAQ:PZZA)

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Papa John’s Int’l, Inc. (NASDAQ:PZZA) announced a quarterly dividend on Tuesday, October 22nd, Fidelity reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.225 per share on Friday, November 22nd. This represents a $0.90 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 7th.

PZZA traded up $2.57 on Wednesday, hitting $59.76. 112,454 shares of the company’s stock were exchanged, compared to its average volume of 883,945. Papa John’s Int’l has a fifty-two week low of $38.29 and a fifty-two week high of $60.56. The firm has a 50-day moving average price of $54.36 and a 200-day moving average price of $49.32. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 44.45, a P/E/G ratio of 5.77 and a beta of 0.41.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. The firm had revenue of $399.62 million for the quarter, compared to analysts’ expectations of $394.39 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, equities research analysts forecast that Papa John’s Int’l will post 1.15 EPS for the current fiscal year.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 475,861 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $43.22, for a total transaction of $20,566,712.42. Following the sale, the insider now directly owns 4,785,682 shares in the company, valued at $206,837,176.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John H. Schnatter sold 100,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $57.58, for a total transaction of $5,758,000.00. Following the sale, the insider now owns 4,789,682 shares in the company, valued at $275,789,889.56. The disclosure for this sale can be found here. Insiders have sold 2,575,861 shares of company stock worth $138,144,712 over the last quarter. Insiders own 43.00% of the company’s stock.

Several research analysts have recently weighed in on PZZA shares. BidaskClub cut shares of Papa John’s Int’l from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Northcoast Research restated a “buy” rating on shares of Papa John’s Int’l in a report on Thursday, October 24th. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $60.00 in a report on Wednesday, August 28th. Finally, MKM Partners started coverage on shares of Papa John’s Int’l in a report on Tuesday, August 13th. They issued a “buy” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Papa John’s Int’l has an average rating of “Buy” and an average price target of $60.44.

About Papa John’s Int’l

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.

Read More: Understanding Analyst Recommendations

Dividend History for Papa John`s Int`l (NASDAQ:PZZA)

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