Papa Johns International, Inc. (PZZA) To Go Ex-Dividend on November 18th

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Tuesday, October 29th,RTT News reports. Investors 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 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, November 18th.

Papa Johns International has raised its dividend payment by an average of 25.1% per year over the last three years. Papa Johns International has a dividend payout ratio of 71.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Papa Johns International to earn $2.46 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 74.8%.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA opened at $47.32 on Friday. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The company has a market cap of $1.54 billion, a PE ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 1.19. The business has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $48.82.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. UBS Group increased their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America upped their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. Finally, Piper Sandler decreased their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Eight 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 currently has a consensus rating of “Hold” and an average target price of $60.82.

About Papa Johns International

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.