Papa John’s International, Inc. (PZZA) to Issue Quarterly Dividend of $0.46 on May 31st

Papa John’s International, Inc. (NASDAQ:PZZAGet Free Report) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.46 per share on Friday, May 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, May 17th.

Papa John’s International has raised its dividend payment by an average of 25.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Papa John’s International has a dividend payout ratio of 59.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Papa John’s International to earn $3.10 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 59.4%.

Papa John’s International Stock Performance

NASDAQ PZZA opened at $58.98 on Friday. The firm has a 50-day moving average of $66.36 and a 200-day moving average of $69.29. The stock has a market cap of $1.94 billion, a PE ratio of 23.98, a P/E/G ratio of 1.58 and a beta of 1.16. Papa John’s International has a 52-week low of $58.95 and a 52-week high of $86.38.

Papa John’s International (NASDAQ:PZZAGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. Papa John’s International had a net margin of 3.84% and a negative return on equity of 19.46%. The business had revenue of $571.32 million during the quarter, compared to analysts’ expectations of $578.15 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Papa John’s International will post 2.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Papa John’s International news, Director Laurette T. Koellner sold 2,886 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $70.21, for a total transaction of $202,626.06. Following the sale, the director now directly owns 18,804 shares of the company’s stock, valued at approximately $1,320,228.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PZZA shares. Stephens started coverage on shares of Papa John’s International in a research report on Friday, April 12th. They issued an “overweight” rating and a $75.00 target price for the company. StockNews.com cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. BMO Capital Markets dropped their target price on shares of Papa John’s International from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Benchmark dropped their target price on shares of Papa John’s International from $95.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Wedbush restated an “outperform” rating and issued a $87.00 target price on shares of Papa John’s International in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.60.

View Our Latest Stock Report on Papa John’s International

Papa John’s International Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for Papa John's International (NASDAQ:PZZA)

Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.