Papa John’s International, Inc. (NASDAQ:PZZA) Plans Quarterly Dividend of $0.46

Papa John’s International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Monday, February 9th will be given a dividend of 0.46 per share on Friday, February 20th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, February 9th.

Papa John’s International has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Papa John’s International has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Papa John’s International to earn $2.39 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 77.0%.

Papa John’s International Stock Down 1.4%

Papa John’s International stock traded down $0.53 during midday trading on Monday, reaching $36.37. The company’s stock had a trading volume of 917,160 shares, compared to its average volume of 968,299. The company has a market cap of $1.19 billion, a P/E ratio of 32.48, a P/E/G ratio of 3.05 and a beta of 1.16. The business has a 50-day simple moving average of $39.75 and a 200-day simple moving average of $44.17. Papa John’s International has a fifty-two week low of $30.16 and a fifty-two week high of $55.74.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Papa John’s International had a negative return on equity of 13.54% and a net margin of 1.79%.The business had revenue of $508.15 million for the quarter, compared to analyst estimates of $523.67 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that Papa John’s International will post 2.19 earnings per share for the current year.

Hedge Funds Weigh In On Papa John’s International

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Papa John’s International during the 2nd quarter valued at $309,000. WBI Investments LLC raised its position in Papa John’s International by 46.5% in the second quarter. WBI Investments LLC now owns 37,844 shares of the company’s stock valued at $1,852,000 after purchasing an additional 12,004 shares during the period. Gradient Investments LLC acquired a new position in shares of Papa John’s International during the third quarter worth about $13,036,000. Brandes Investment Partners LP lifted its stake in shares of Papa John’s International by 271.6% during the second quarter. Brandes Investment Partners LP now owns 690,299 shares of the company’s stock worth $33,783,000 after purchasing an additional 504,514 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Papa John’s International by 18.9% in the second quarter. Segall Bryant & Hamill LLC now owns 922,809 shares of the company’s stock worth $45,162,000 after buying an additional 146,640 shares during the period.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.