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

Papa John’s International, Inc. (NASDAQ:PZZA) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.46 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, May 18th.

Papa John’s International has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Papa John’s International has a dividend 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. Equities analysts expect Papa John’s International to earn $1.86 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 98.9%.

Papa John’s International Stock Performance

NASDAQ:PZZA opened at $33.78 on Thursday. The stock’s 50-day simple moving average is $34.61 and its 200 day simple moving average is $38.25. The company has a market cap of $1.11 billion, a P/E ratio of 37.96, a P/E/G ratio of 3.00 and a beta of 1.18. Papa John’s International has a 52-week low of $29.55 and a 52-week high of $55.74.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $478.61 million for the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a negative return on equity of 11.16% and a net margin of 1.44%. As a group, equities analysts predict that Papa John’s International will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC boosted its holdings in shares of Papa John’s International by 19.6% during the fourth quarter. Earnest Partners LLC now owns 1,947,248 shares of the company’s stock worth $74,950,000 after acquiring an additional 318,816 shares during the period. Bank of America Corp DE increased its stake in shares of Papa John’s International by 10.5% during the second quarter. Bank of America Corp DE now owns 1,700,062 shares of the company’s stock worth $83,201,000 after purchasing an additional 161,906 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Papa John’s International by 2.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,657,994 shares of the company’s stock worth $63,816,000 after purchasing an additional 42,810 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Papa John’s International by 27.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,174,369 shares of the company’s stock worth $56,546,000 after purchasing an additional 251,560 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Papa John’s International by 2.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,108,612 shares of the company’s stock valued at $53,380,000 after purchasing an additional 21,742 shares during the period.

Papa John’s International Company Profile

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.