Papa John's International, Inc. (PZZA) Increases Dividend to $0.23 Per Share

Marcus Newton
August 5, 2017

It's important for Papa John's to know how much it's getting back for every dollar they put in, Rhoten included. Teachers Advisors LLC now owns 79,152 shares of the company's stock worth $6,774,000 after buying an additional 28,155 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Papa John's global by 43.7% in the first quarter. Eqis Management holds 0.06% in Papa John's Int'l, Inc. Tucker now owns $2,102,746 of the stock per the Form 4 SEC filing. This change led market cap to move at $2.94B, putting the price -13.81% below the 52-week high and 10.26% above the 52-week low. (PZZA) opened at 77.37 on Friday. The stock has a 50 day moving average price of $74.73 and a 200-day moving average price of $78.90. Tigress Financial downgraded Papa John's Int'l, Inc. The firm has a market capitalization of $2.62 billion, a P/E ratio of 24.96 and a beta of 0.53. (NASDAQ:PZZA) to report earnings on Aug, 01 for the fiscal quarter ending Jun 2017. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.03. Papa John's global had a net margin of 6.13% and a return on equity of 1,447.98%.

The pizza purveyor reported modest comparable-sales growth of 1.4% in North America and 3.9% internationally, while total revenue increased 2.8% to $434.8 million, which missed expectations of $439 million. In the latest earnings report the EPS was $2.82 and is projected to be $2.86 for the current year with 36,766,000 shares now outstanding. This was up from $422.96 million a year ago.

There has been some selling insider activity on Papa John's International, Inc. The co's performance for 6 months was slashed of -5.80%, 1-year performance stands at 5.38% and year to date showing reduced performance of -8.87%. This repurchase authorization allows the company to purchase up to 198% of its stock through open market purchases.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Parallax Volatility Advisers Limited Partnership invested in 0% or 115 shares. This dividend represents a yield of $1.26. This is an increase from Papa John's International's previous quarterly dividend of $0.20. Papa John's International's dividend payout ratio (DPR) is presently 27.87%.

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More notable recent Papa John's Int'l, Inc. (NASDAQ:PZZA). Herndon Cap Management Ltd Liability owns 67 shares for 0% of their portfolio. If you are viewing this news story on another site, it was illegally copied and republished in violation of USA & global copyright and trademark laws. The correct version of this article can be viewed at Sidoti upgraded the shares of PZZA in report on Thursday, November 19 to "Buy" rating. Finally, Instinet reaffirmed a "neutral" rating and set a $78.00 price target (down from $84.00) on shares of Papa John's global in a research report on Monday.

Papa John's can target those messages because it is able to collect more information than ever on customer habits, particularly through its Papa Rewards program. Zacks Investment Research upgraded Papa John's worldwide from a "strong sell" rating to a "hold" rating in a research report on Friday, July 7th. Finally, Longbow Research reaffirmed a buy rating and set a $95.00 target price on shares of Papa John's worldwide in a research report on Monday, May 22nd.

02/25/2015 - Papa John's International Inc. had its "buy" rating reiterated by analysts at Janney Montgomery Scott. The shares were sold at an average price of $82.39, for a total value of $333,761.89. Also, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction that occurred on Wednesday, May 31st. The insider OHern Timothy C sold 6,000 shares worth $490,730. Comparatively, 78.8% of Ruby Tuesday shares are owned by institutional investors.

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