Q3 2023 Earnings Estimate for Papa John’s International, Inc. (NASDAQ:PZZA) Issued By KeyCorp

Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) – Analysts at KeyCorp cut their Q3 2023 earnings per share (EPS) estimates for shares of Papa John’s International in a research note issued on Monday, November 21st. KeyCorp analyst E. Gonzalez now expects that the company will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.81. KeyCorp currently has a “Overweight” rating and a $90.00 target price on the stock. The consensus estimate for Papa John’s International’s current full-year earnings is $2.93 per share. KeyCorp also issued estimates for Papa John’s International’s Q4 2023 earnings at $0.88 EPS.

Other analysts have also recently issued research reports about the company. Northcoast Research cut Papa John’s International from a “buy” rating to a “neutral” rating in a research report on Monday, November 7th. UBS Group decreased their price objective on Papa John’s International to $80.00 in a report on Friday, November 4th. Stephens reduced their price target on Papa John’s International from $100.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. BMO Capital Markets reduced their price objective on Papa John’s International from $125.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa John’s International from $94.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, October 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.15.

Papa John’s International Stock Up 2.0 %

PZZA opened at $84.09 on Thursday. The stock’s fifty day moving average is $75.45 and its two-hundred day moving average is $81.97. The company has a market capitalization of $2.97 billion, a P/E ratio of 44.49, a PEG ratio of 1.88 and a beta of 1.10. Papa John’s International has a 52 week low of $66.74 and a 52 week high of $138.52.

Papa John’s International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, November 10th. Papa John’s International’s dividend payout ratio is presently 88.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in shares of Papa John’s International by 36.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 331,738 shares of the company’s stock valued at $34,926,000 after buying an additional 87,835 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Papa John’s International by 39.8% during the first quarter. MetLife Investment Management LLC now owns 37,955 shares of the company’s stock worth $3,996,000 after purchasing an additional 10,802 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Papa John’s International by 29.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 29,503 shares of the company’s stock valued at $2,464,000 after purchasing an additional 6,738 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Papa John’s International by 14.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,719 shares of the company’s stock valued at $311,000 after purchasing an additional 477 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of Papa John’s International by 8.0% in the 2nd quarter. Congress Asset Management Co. MA now owns 18,459 shares of the company’s stock worth $1,542,000 after buying an additional 1,361 shares in the last quarter. 96.62% of the stock is owned by institutional investors.

About Papa John’s International

(Get Rating)

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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Recommended Stories

Earnings History and Estimates 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.