Papa John’s Int’l (NASDAQ:PZZA) Posts Earnings Results, Misses Expectations By $0.01 EPS

Papa John’s Int’l (NASDAQ:PZZA) released its earnings results on Wednesday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Briefing.com reports. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The business had revenue of $403.71 million during the quarter, compared to the consensus estimate of $384.54 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Papa John’s Int’l updated its FY19 guidance to $1.00-1.20 EPS.

Shares of PZZA stock traded down $0.82 during trading hours on Friday, reaching $61.76. 1,218,300 shares of the stock traded hands, compared to its average volume of 994,724. The firm has a market capitalization of $1.82 billion, a PE ratio of 46.09, a PEG ratio of 5.70 and a beta of 0.41. Papa John’s Int’l has a 1-year low of $38.29 and a 1-year high of $63.29. The business has a fifty day moving average price of $54.93 and a 200 day moving average price of $49.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.46%. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

In related news, major shareholder John H. Schnatter sold 1,900,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.60, for a total transaction of $107,540,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $42.80, for a total transaction of $4,280,000.00. Following the sale, the insider now directly owns 5,409,583 shares of the company’s stock, valued at $231,530,152.40. The disclosure for this sale can be found here. Insiders sold 2,575,861 shares of company stock valued at $138,144,712 over the last three months. Insiders own 43.00% of the company’s stock.

A number of analysts recently commented on the stock. Northcoast Research reiterated a “buy” rating on shares of Papa John’s Int’l in a report on Thursday, October 24th. Jefferies Financial Group lowered shares of Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Monday, November 4th. They noted that the move was a valuation call. Citigroup cut their price target on shares of Papa John’s Int’l from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Oppenheimer started coverage on shares of Papa John’s Int’l in a report on Tuesday, September 17th. They set a “market perform” rating on the stock. Finally, MKM Partners lowered shares of Papa John’s Int’l from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $50.00 in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.56.

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.

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

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