In yesterday’s Wall Street session, Papa John’s International Inc. (NASDAQ:PZZA) shares traded at $84.09, up 2.01% from the previous session.
PZZA stock price is now 11.65% away from the 50-day moving average and -5.01% away from the 200-day moving average. The market capitalization of the company currently stands at $2.99B.
On September 23, 2022, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $100, while ‘Northcoast’ rates the stock as ‘Buy’.
In other news, Boakye Marvin, Chief People & Diversity Ofc sold 2,950 shares of the company’s stock on Aug 25. The stock was sold for $252,438 at an average price of $85.57. Upon completion of the transaction, the Chief People & Diversity Ofc now directly owns 11,920 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Director KIRTLEY OLIVIA F sold 3,850 shares of the business’s stock. A total of $493,798 was realized by selling the stock at an average price of $128.26. This leaves the insider owning 86,372 shares of the company worth $7.26 million. Insiders disposed of 49,054 shares of company stock worth roughly $4.12 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PZZA stock. A new stake in Papa John’s International Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $283,109,000. SCHONFELD STRATEGIC ADVISORS LLC invested $2,661,000 in shares of PZZA during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Papa John’s International Inc. valued at approximately $1,860,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. acquired a new stake in PZZA for approximately $1,181,000. D. E. SHAW & CO., INC. purchased a new stake in PZZA valued at around $978,000 in the second quarter.
Wednesday morning saw Papa John’s International Inc. (NASDAQ: PZZA) opened at $82.67. During the past 12 months, Papa John’s International Inc. has had a low of $66.74 and a high of $138.52. The fifty day moving average price for PZZA is $75.38 and a two-hundred day moving average price translates $88.35 for the stock.
The latest earnings results from Papa John’s International Inc. (NASDAQ: PZZA) was released for Jun, 2022. According to the Restaurants Company, earnings per share came in at $0.74, missing analysts’ expectations of $0.75 by -0.01. This compares to $0.83 EPS in the same period last year. The net profit margin was 2.60% and return on equity was -23.30% for PZZA. The company reported revenue of $510.51 million for the quarter, compared to $512.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.44 percent. For the current quarter, analysts expect PZZA to generate $514.04M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/25/2022. Investors who held shares on 11/14/2022 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 2.00% percent yield. There was an ex-dividend date of 11/10/2022 for this dividend. In terms of dividend payout ratio, PZZA is presently at 95.70%.
Papa John’s International Inc.(PZZA) Company Profile
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. The company also operates dine-in and delivery restaurants under the Papa John’s trademark internationally. As of December 26, 2021, it operated 5,650 Papa John’s restaurants, which included 600 company-owned and 5,050 franchised restaurants in 50 countries and territories. The company was founded in 1984 and is based in Louisville, Kentucky.