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

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Tuesday, October 29th,RTT News reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Monday, November 18th.

Papa Johns International has raised its dividend by an average of 25.1% per year over the last three years. Papa Johns International has a dividend payout ratio of 75.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Papa Johns International to earn $2.45 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 75.1%.

Papa Johns International Stock Down 3.7 %

Shares of Papa Johns International stock opened at $47.32 on Friday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The company’s 50-day simple moving average is $51.77 and its 200-day simple moving average is $48.73.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts anticipate that Papa Johns International will post 2.23 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on PZZA. Deutsche Bank Aktiengesellschaft reduced their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Piper Sandler reduced their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. BMO Capital Markets lowered their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a research report on Thursday, November 7th. Finally, UBS Group boosted their price target on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International presently has an average rating of “Hold” and a consensus price target of $60.82.

Papa Johns International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.