Papa John’s International Inc. (NASDAQ: PZZA) stock jumped 0.01% on Wednesday to $74.41 against a previous-day closing price of $74.40. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.62 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $74.61 whereas the lowest price it dropped to was $72.69. The 52-week range on PZZA shows that it touched its highest point at $97.78 and its lowest point at $66.74 during that stretch. It currently has a 1-year price target of $94.27. With its current market cap of 2.43 billion, PZZA has annualized dividend of $1.68 while the current yield stands at 2.26%. Beta for the stock currently stands at 1.10.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PZZA was up-trending over the past week, with a rise of 2.82%, but this was up by 2.06% over a month. Three-month performance dropped to -14.18% while six-month performance fell -9.62%. The stock lost -4.32% in the past year, while it has lost -9.60% so far this year. A look at the trailing 12-month EPS for PZZA yields 2.26 with Next year EPS estimates of 3.19. For the next quarter, that number is 0.61. This implies an EPS growth rate of -5.40% for this year and 14.56% for next year. EPS is expected to grow by 6.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.50%.
Float and Shares Shorts:
At present, 34.16 million PZZA shares are outstanding with a float of 32.14 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.77 million, which was 5.41% higher than short shares on Mar 30, 2023. In addition to Mr. Robert M. Lynch as the firm’s Pres, CEO & Director, Ms. Caroline Miller Oyler serves as its Chief Legal & Risk Officer and Corp. Sec.
Institutional Ownership:
Through their ownership of 101.63% of PZZA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.57% of PZZA, in contrast to 45.95% held by mutual funds. Shares owned by individuals account for 21.47%. As the largest shareholder in PZZA with 10.94% of the stake, T. Rowe Price Investment Manageme holds 3,792,155 shares worth 3,792,155. A second-largest stockholder of PZZA, BlackRock Fund Advisors, holds 3,489,091 shares, controlling over 10.06% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PZZA, holding 2,994,572 shares or 8.64% stake. With a 3.15% stake in PZZA, the T Rowe Price Small Cap Stock Fund is the largest stakeholder. A total of 1,092,820 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.89% of PZZA stock, is the second-largest Mutual Fund holder. It holds 1,003,202 shares valued at 75.03 million. Vanguard Total Stock Market ETF holds 2.83% of the stake in PZZA, owning 980,691 shares worth 73.35 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 25, 2023, PZZA reported revenue of $522.66M and operating income of $40.41M. The EBITDA in the recently reported quarter was $53.15M and diluted EPS was $0.70.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PZZA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PZZA analysts setting a high price target of $114.00 and a low target of $80.00, the average target price over the next 12 months is $94.07. Based on these targets, PZZA could surge 53.21% to reach the target high and rise by 7.51% to reach the target low. Reaching the average price target will result in a growth of 26.42% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, PZZA has a current ratio of $1.68, which is $1.68 over the trailing 12-months, while a dividend of $1.05 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PZZA currently yields $2.26. In the past year, PZZA’s dividend yield has been $2.26, but when looking at the stock over the past five years, its yield has been $1.48. Accordingly, PZZA has a current buyback yield of $12.43. This was $12.43 for the TTM, and it was $5.57 for the past five years.
Summary of Insider Activity:
Insiders traded PZZA stock several times over the past three months with 9 Buys and 21 Sells. In these transactions, 85,474 shares were bought while 2,211,029 shares were sold. The number of buy transactions has increased to 76 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 96,590 while 2,236,972 shares were sold.
