Tuesday, 24 October, 2017

A Look at Papa John's Same-Store Sales Growth in 2Q17

Why Papa John's Int'l Inc. Stock Surged Today Papa John's shares rise on $500 million stock buy-back plan
Juana Turner | 05 August, 2017, 00:18

(NASDAQ:PZZA) in a research note issued to investors on Friday, July 14th. 1,011,188 shares of the company's stock were exchanged. Geode Capital Management LLC owned approximately 0.61% of Papa John's global worth $17,966,000 as of its most recent filing with the SEC. The biggest holder now is John H. Schnatter who owns 9,364,685 shares (25.47% of those outstanding), whilst Charles W. Schnatter holds 247,302 (0.67% of shares outstanding) and Mrs. Olivia F Kirtley holds 187,292 (0.51% of shares outstanding). Profund Advisors LLC now owns 4,278 shares of the company's stock worth $342,000 after buying an additional 25 shares in the last quarter. Papa John's International's dividend payout ratio (DPR) is presently 28.27%. Fifth Third Bancorp now owns 2,112 shares of the company's stock valued at $169,000 after buying an additional 215 shares during the period. Jefferies maintained Papa John's Int'l, Inc. As of the end of the quarter Sei Investments Co had bought a total of 288 shares growing its holdings by 0.3%.

Rhoten said Papa John's will continue to push itself as the "better pizza choice" in marketing campaigns, but the company is taking a hard look at where it's investing its marketing money. Short-term traders are anticipated to see a retreat of -10.37% over the course of a quarter and, with 90% chance the price will be floating in the range of $61.46 and $70.76 in this timeframe. Instinet raised their price objective on Papa John's global from $76.00 to $84.00 and gave the company a neutral rating in a research report on Wednesday, May 3rd. The stock is performing -1.78% year to date. (NASDAQ:IDTI) stock went gone down with a prior 52-week high of $27.09. (PZZA) recorded volume accumulation so there will probably be a surplus of buyers at $77.48. The firm's 50-day moving average is $74.73 and its 200-day moving average is $78.90.

For this year, Papa John's International, Inc. The firm has a market capitalization of $2.82 billion, a P/E ratio of 26.96 and a beta of 0.51.

Papa John's International (NASDAQ: PZZA) and Ruby Tuesday (NYSE:RT) are both retail/wholesale companies, but which is the superior stock? According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $90.40 on company stock. Papa John's worldwide had a net margin of 6.09% and a return on equity of 11,469.18%.

Revenue for the quarter was $434,777,000 compared with $422,964,000 in the second quarter of 2016. Fiduciary Management Inc Wi, a Wisconsin-based fund reported 2.09 million shares. On average, equities research analysts anticipate that Papa John's worldwide will post $2.86 EPS for the current year. Insiders sold a total of 20,447 shares of company stock valued at $1,656,182 over the last quarter. "The increase in our share repurchase authorization aligns with the continued confidence we have in our business". Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. This represents a $0.90 annualized dividend and a dividend yield of 1.16%.

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PZZA has been the subject of several recent analyst reports. The lowest 12-month price target for the shares is $83.00, which would be an increase of about 6% of its current value. Finally, Longbow Research reaffirmed a buy rating and set a $95.00 target price on shares of Papa John's global in a research report on Monday, May 22nd. The lowest target is $58 while the high is $9000. Zacks Investment Research lowered Papa John's worldwide from a buy rating to a hold rating in a research report on Tuesday, April 25th. BidaskClub lowered Papa John's worldwide from a "sell" rating to a "strong sell" rating in a report on Friday, June 30th. (NASDAQ:PZZA), 2 rate it "Buy", 1 "Outperform", 2 "Underperform", 0 "Sell", while 0 "Hold".

Shares of Papa John's International (PZZA) opened at 71.13 on Wednesday.

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd.


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