Papa Johns International, Inc. to Issue Quarterly Dividend of $0.46 (NASDAQ:PZZA)

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.46 per share on Friday, February 21st. This represents a $1.84 dividend on an annualized basis and a yield of 4.67%.

Papa Johns International has increased its dividend payment by an average of 17.0% annually over the last three years. Papa Johns International has a dividend payout ratio of 68.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Papa Johns International to earn $2.40 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 76.7%.

Papa Johns International Stock Up 1.2 %

NASDAQ PZZA traded up $0.45 on Monday, reaching $39.42. The stock had a trading volume of 1,067,631 shares, compared to its average volume of 1,721,217. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.77 and a beta of 1.19. The stock has a fifty day moving average price of $43.04 and a two-hundred day moving average price of $46.60. Papa Johns International has a 12-month low of $35.28 and a 12-month high of $76.91.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. Papa Johns International’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. Sell-side analysts forecast that Papa Johns International will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on PZZA shares. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research note on Monday, January 13th. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Wednesday, January 15th. Bank of America lifted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Loop Capital dropped their price target on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.83.

Papa Johns International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.