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

Papa Johns International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Monday, January 27th,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 annualized dividend and a yield of 4.67%.

Papa Johns International has raised its dividend payment by an average of 17.0% annually over the last three years. Papa Johns International has a payout ratio of 68.1% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.2 %

Shares of Papa Johns International stock traded up $0.45 during trading on Monday, hitting $39.42. The stock had a trading volume of 1,067,631 shares, compared to its average volume of 1,721,217. Papa Johns International has a 12 month low of $35.28 and a 12 month high of $76.91. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.77 and a beta of 1.19. The business’s 50-day moving average is $43.04 and its 200 day moving average is $46.60.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) 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 firm had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Papa Johns International will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

PZZA has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Wednesday, January 15th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Bank of America upped their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group lowered their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.83.

About Papa Johns International

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.