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

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Monday, February 10th will be given 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 4.84%. The ex-dividend date is Monday, February 10th.

Papa Johns International has increased its dividend by an average of 17.0% per year 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 Performance

Shares of NASDAQ:PZZA opened at $38.05 on Friday. The stock has a fifty day moving average of $41.35 and a 200-day moving average of $46.32. The company has a market capitalization of $1.24 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Papa Johns International has a one year low of $35.28 and a one year high of $76.91.

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, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts forecast that Papa Johns International will post 2.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America raised their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Jefferies Financial Group reduced their price objective on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Loop Capital dropped their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group reduced their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.