Wall Street brokerages forecast that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will announce sales of $398.45 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Papa John’s Int’l’s earnings. The highest sales estimate is $400.95 million and the lowest is $395.95 million. Papa John’s Int’l reported sales of $407.96 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Papa John’s Int’l will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $1.59 billion to $1.62 billion. For the next year, analysts anticipate that the firm will post sales of $1.68 billion, with estimates ranging from $1.64 billion to $1.72 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The business had revenue of $398.41 million for the quarter, compared to analyst estimates of $384.67 million. During the same period last year, the business earned $0.52 EPS. The company’s revenue was down 11.5% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Cyberark Software from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Stifel Nicolaus assumed coverage on shares of Haymaker Acquisition in a report on Wednesday, March 27th. They issued a “buy” rating and a $16.00 target price on the stock. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Stephens set a $198.00 target price on shares of HubSpot and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Credit Suisse Group assumed coverage on shares of Arco Platform in a report on Tuesday, June 25th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $54.83.

Papa John’s Int’l stock traded up $0.25 during midday trading on Friday, hitting $45.92. 864,000 shares of the company’s stock were exchanged, compared to its average volume of 972,083. Papa John’s Int’l has a 12-month low of $38.05 and a 12-month high of $60.56. The stock has a market cap of $1.47 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The business has a 50 day moving average price of $47.17.

In related news, major shareholder John H. Schnatter sold 114,061 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total value of $6,009,874.09. Following the completion of the sale, the insider now owns 9,239,507 shares in the company, valued at $486,829,623.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Michael Sanfilippo acquired 1,000 shares of Papa John’s Int’l stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of $47.79 per share, with a total value of $47,790.00. Following the purchase, the director now directly owns 3,654 shares of the company’s stock, valued at $174,624.66. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 3,765,557 shares of company stock worth $173,644,058. Insiders own 43.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in shares of Papa John’s Int’l in the first quarter valued at about $26,000. Massey Quick Simon & CO. LLC acquired a new position in Papa John’s Int’l during the first quarter worth about $32,000. PNC Financial Services Group Inc. raised its position in Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after acquiring an additional 650 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new position in Papa John’s Int’l during the first quarter worth about $61,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Papa John’s Int’l during the first quarter worth about $138,000. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Papa John’s Int’l 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.

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