Q3 2017 EPS Estimates for Papa John’s International, Inc. (NASDAQ:PZZA) Boosted by Jefferies Group

Papa John’s International, Inc. (NASDAQ:PZZA) – Equities research analysts at Jefferies Group raised their Q3 2017 earnings per share (EPS) estimates for Papa John’s International in a research report issued to clients and investors on Wednesday. Jefferies Group analyst A. Slagle now forecasts that the company will earn $0.59 per share for the quarter, up from their prior estimate of $0.57. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock.

PZZA has been the topic of several other research reports. Instinet boosted their price target on Papa John’s International from $76.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, May 3rd. KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. Zacks Investment Research raised Papa John’s International from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective (down previously from $100.00) on shares of Papa John’s International in a report on Monday, June 26th. Finally, BidaskClub lowered Papa John’s International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Papa John’s International presently has a consensus rating of “Hold” and an average price target of $89.17.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Rincon Hill News and is the property of of Rincon Hill News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://rinconhillneighbors.org/2017/08/19/q3-2017-eps-estimates-for-papa-johns-international-inc-nasdaqpzza-boosted-by-jefferies-group-updated.html.

Papa John’s International (NASDAQ:PZZA) opened at 77.87 on Monday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 27.12 and a beta of 0.51. The company’s 50-day moving average price is $74.57 and its 200 day moving average price is $78.87. Papa John’s International has a 12 month low of $70.73 and a 12 month high of $90.49.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. The company had revenue of $434.78 million for the quarter, compared to analyst estimates of $438.51 million. During the same period in the prior year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. Airain ltd bought a new stake in Papa John’s International during the second quarter worth about $987,000. Prudential Financial Inc. raised its stake in Papa John’s International by 275.1% in the second quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock worth $30,147,000 after buying an additional 308,110 shares during the last quarter. Victory Capital Management Inc. raised its stake in Papa John’s International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after buying an additional 386 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Papa John’s International by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,227 shares of the company’s stock worth $1,308,000 after buying an additional 128 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Papa John’s International by 391.8% in the second quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock worth $17,607,000 after buying an additional 194,804 shares during the last quarter. 79.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Steve M. Ritchie sold 10,396 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $80.00, for a total value of $831,680.00. Following the sale, the insider now owns 37,601 shares of the company’s stock, valued at approximately $3,008,080. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Lance F. Tucker sold 4,051 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $82.39, for a total value of $333,761.89. Following the completion of the sale, the chief financial officer now directly owns 25,522 shares in the company, valued at approximately $2,102,757.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,447 shares of company stock worth $1,656,182 in the last three months. Corporate insiders own 27.70% of the company’s stock.

Papa John’s International announced that its board has initiated a share repurchase plan on Tuesday, August 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 198% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.225 per share. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 3rd. This represents a $0.90 annualized dividend and a dividend yield of 1.16%. Papa John’s International’s payout ratio is 31.36%.

Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.