Papa John's Int'l (PZZA) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jun 22, 2016.
On the company’s financial health, Papa John's Int'l reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.63. The company had revenue of $428.60 million for the quarter, compared to analysts expectations of $440.92 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.
Papa John's Int'l opened for trading at $66.23 and hit $66.71 on the upside on Monday, eventually ending the session at $66.24, with a gain of 1.49% or 0.97 points. The heightened volatility saw the trading volume jump to 2,57,217 shares. Company has a market cap of $2,467 M.
In a different news, on Nov 9, 2015, Wayne Kent Taylor (director) purchased 8,590 shares at $57.71 per share price. According to the SEC, on Jun 5, 2015, Robert C. Kraut (SVP, Chief Marketing Officer) sold 2,493 shares at $68.00 per share price. On Jun 2, 2015, Steve M Ritchie (Chief Operating Officer) sold 2,750 shares at $69.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Papa Johns International Inc. (Papa Johns) operates and franchises pizza delivery and carryout restaurants. The Company operates these restaurants in international markets dine-in and delivery restaurants under the trademark Papa Johns. Papa Johns operates in five segments: domestic Company-owned restaurants domestic commissaries North America franchising international operations and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. The Company owns full-service international QC Centers in the United Kingdom Mexico City Mexico and Beijing China. Its other international QC Centers are licensed to franchisees or non-franchisee third parties and are located in the markets where the Companys franchisees have restaurants.