PZZA Chart
About

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa Johns trademark in the United States, Canada, and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Franchising, North America Commissaries, and International. The company operates dine-in and delivery restaurants. It also offers pizza and other food and beverage products. In addition, the company supplies pizza sauce, dough, food products, paper products, smallware, and cleaning supplies to restaurants. Papa John's International, Inc. was founded in 1984 and is based in Louisville, Kentucky.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Restaurants Market Cap 1.28B
Enterprise Value 1.98B Income 29.57M Sales 2.05B
Book/sh -13.56 Cash/sh 1.13 Dividend Yield 5.65%
Payout 204.44% Employees 9400 IPO
P/E 43.18 Forward P/E 21.34 PEG
P/S 0.62 P/B -2.87 P/C
EV/EBITDA 9.81 EV/Sales 0.96 Quick Ratio 0.50
Current Ratio 0.82 Debt/Eq LT Debt/Eq
EPS (ttm) 0.90 EPS next Y 1.82 EPS Growth -53.50%
Revenue Growth -6.10% Earnings 2026-05-07 ROA 7.93%
ROE ROIC Gross Margin 20.73%
Oper. Margin 6.78% Profit Margin 1.49% Shs Outstand 32.81M
Shs Float 32.32M Short Float 15.93% Short Ratio 3.58
Short Interest 52W High 55.74 52W Low 29.55
Beta 1.24 Avg Volume 1.11M Volume 7.74M
Target Price $37.91 Recom Buy Prev Close $32.54
Price $38.86 Change 19.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$37.91
Mean price target
2. Current target
$38.86
Latest analyst target
3. DCF / Fair value
$41.08
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$38.86
Low
$32.00
High
$50.00
Mean
$37.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-27 main Benchmark Buy → Buy $50
2026-02-27 main Stephens & Co. Overweight → Overweight $40
2026-02-20 main Mizuho Neutral → Neutral $34
2026-01-09 main Mizuho Neutral → Neutral $40
2025-11-07 main Stephens & Co. Overweight → Overweight $49
2025-10-28 init Mizuho — → Neutral $58
2025-10-13 main Stephens & Co. Overweight → Overweight $50
2025-10-06 down B of A Securities Buy → Neutral $50
2025-08-15 main Stifel Hold → Hold $42
2025-08-11 main Deutsche Bank Hold → Hold $46
2025-08-11 main Benchmark Buy → Buy $60
2025-08-08 main Stephens & Co. Overweight → Overweight $52
2025-08-04 main UBS Neutral → Neutral $42
2025-06-12 reit Stephens & Co. Overweight → Overweight $50
2025-05-12 reit Benchmark Buy → Buy $50
2025-05-09 main Loop Capital Buy → Buy $56
2025-05-09 reit Stephens & Co. Overweight → Overweight $50
2025-05-08 reit Stephens & Co. Overweight → Overweight $50
2025-05-05 main UBS Neutral → Neutral $38
2025-04-21 main Benchmark Buy → Buy $50
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 19568 Stock Award(Grant) at price 0.00 per share. VASCONI JOHN KEVIN Chief Technology Officer 2026-03-02 00:00:00 D
1 11155 Stock Award(Grant) at price 0.00 per share. COLLINS CHRISTOPHER K Officer 2026-03-02 00:00:00 D
2 39136 Stock Award(Grant) at price 0.00 per share. THANAWALA RAVI Officer 2026-03-02 00:00:00 D
3 100188 Stock Award(Grant) at price 0.00 per share. PENEGOR TODD ALLAN Chief Executive Officer 2026-03-02 00:00:00 D
4 19568 Stock Award(Grant) at price 0.00 per share. OYLER CAROLINE MILLER Officer 2026-03-02 00:00:00 D
5 226 7139 Stock Award(Grant) at price 31.59 per share. MANGAN JOCELYN C Director 2026-02-20 00:00:00 D
6 288 9110 Stock Award(Grant) at price 31.59 per share. KOELLNER LAURETTE T Director 2026-02-20 00:00:00 D
7 106 3349 Stock Award(Grant) at price 31.59 per share. MILLER JOHN CHRIS Director 2026-02-20 00:00:00 D
8 304 9603 Stock Award(Grant) at price 31.59 per share. COLEMAN CHRISTOPHER L Director 2026-02-20 00:00:00 D
9 103 3254 Stock Award(Grant) at price 31.59 per share. GARRATT JOHN W Director 2026-02-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems1.50M3.68M0.00-2.08M
TaxRateForCalcs0.340.260.200.17
NormalizedEBITDA176.93M212.09M211.23M173.13M
TotalUnusualItems4.46M14.02M-6.84M-12.06M
TotalUnusualItemsExcludingGoodwill4.46M14.02M-6.84M-12.06M
NetIncomeFromContinuingOperationNetMinorityInterest30.53M83.49M82.10M67.77M
ReconciledDepreciation92.25M69.41M64.09M52.03M
ReconciledCostOfRevenue1.63B1.64B1.72B1.71B
EBITDA181.39M226.11M211.23M161.06M
EBIT89.15M156.70M147.14M109.03M
NetInterestIncome-40.77M-42.58M-43.47M-25.26M
InterestExpense40.77M42.58M43.47M25.26M
NormalizedIncome27.57M73.15M82.10M77.76M
NetIncomeFromContinuingAndDiscontinuedOperation30.53M83.49M82.10M67.77M
TotalExpenses1.97B1.92B1.99B1.98B
TotalOperatingIncomeAsReported89.15M156.70M147.14M109.03M
DilutedAverageShares32.95M32.82M33.16M35.72M
BasicAverageShares32.85M32.72M32.93M35.50M
DilutedEPS0.902.542.481.89
BasicEPS0.902.552.491.90
DilutedNIAvailtoComStockholders29.57M83.32M82.10M67.36M
NetIncomeCommonStockholders29.57M83.32M82.10M67.36M
OtherunderPreferredStockDividend962.00K166.00K0.00410.00K
PreferredStockDividends109.85M
NetIncome30.53M83.49M82.10M67.77M
MinorityInterests-1.59M-711.00K-701.00K-1.58M
NetIncomeIncludingNoncontrollingInterests32.12M84.20M82.80M69.35M
NetIncomeContinuousOperations32.12M84.20M82.80M69.35M
TaxProvision16.26M29.93M20.87M14.42M
PretaxIncome48.38M114.13M103.67M83.77M
OtherIncomeExpense4.46M14.02M-6.84M-12.06M
SpecialIncomeCharges4.46M14.02M-6.84M-12.06M
GainOnSaleOfBusiness17.05M41.29M0.00
OtherSpecialCharges577.00K15.00M
RestructuringAndMergernAcquisition12.59M27.27M6.26M12.06M
GainOnSaleOfSecurity1.91M
NetNonOperatingInterestIncomeExpense-40.77M-42.58M-43.47M-25.26M
InterestExpenseNonOperating40.77M42.58M43.47M25.26M
OperatingIncome84.69M142.69M147.14M121.09M
OperatingExpense340.99M273.94M272.17M267.33M
OtherOperatingExpenses18.38M
ProvisionForDoubtfulAccounts868.00K18.38M
DepreciationAmortizationDepletionIncomeStatement92.25M69.41M64.09M52.03M
DepreciationAndAmortizationInIncomeStatement92.25M69.41M64.09M52.03M
SellingGeneralAndAdministration248.74M204.53M208.08M215.30M
GeneralAndAdministrativeExpense248.74M204.53M208.08M215.30M
OtherGandA248.74M204.53M208.08M215.30M
GrossProfit425.67M416.63M419.31M388.43M
CostOfRevenue1.63B1.64B1.72B1.71B
TotalRevenue2.05B2.06B2.14B2.10B
OperatingRevenue1.96B1.98B2.04B2.00B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber16.50M16.64M16.75M14.40M
OrdinarySharesNumber32.80M32.65M32.49M34.74M
ShareIssued49.30M49.28M49.23M49.14M
NetDebt680.84M703.70M716.84M549.70M
TotalDebt936.37M971.13M965.72M807.26M
TangibleBookValue-512.33M-504.99M-535.30M-357.01M
InvestedCapital270.68M312.12M298.33M310.68M
WorkingCapital-53.56M-47.36M-73.58M-14.12M
NetTangibleAssets-512.33M-504.99M-535.30M-357.01M
CapitalLeaseObligations220.93M229.48M208.30M210.19M
CommonStockEquity-444.75M-429.53M-459.09M-286.39M
TotalCapitalization265.69M312.12M298.33M310.68M
TotalEquityGrossMinorityInterest-432.69M-413.31M-442.76M-269.45M
MinorityInterest12.06M16.21M16.33M16.95M
StockholdersEquity-444.75M-429.53M-459.09M-286.39M
GainsLossesNotAffectingRetainedEarnings-6.45M-8.46M-7.80M-10.13M
OtherEquityAdjustments-6.45M-8.46M-7.80M-10.13M
TreasuryStock1.11B1.12B1.12B922.43M
RetainedEarnings210.76M241.72M219.03M195.86M
AdditionalPaidInCapital457.11M452.45M452.29M449.83M
CapitalStock493.00K493.00K492.00K491.00K
CommonStock493.00K493.00K492.00K491.00K
PreferredStock0.00
TotalLiabilitiesNetMinorityInterest1.27B1.30B1.32B1.13B
TotalNonCurrentLiabilitiesNetMinorityInterest979.20M1.02B1.01B868.52M
OtherNonCurrentLiabilities3.00M3.01M2.34M2.41M
TradeandOtherPayablesNonCurrent0.00
NonCurrentDeferredLiabilities47.43M49.52M48.71M51.49M
NonCurrentDeferredRevenue19.29M21.29M20.37M23.20M
NonCurrentDeferredTaxesLiabilities0.00258.00K
LongTermDebtAndCapitalLeaseObligation897.64M938.09M932.62M777.00M
LongTermCapitalLeaseObligation187.21M196.44M175.19M179.93M
LongTermDebt710.44M741.65M757.42M597.07M
LongTermProvisions31.12M33.68M29.51M37.62M
CurrentLiabilities290.99M277.96M304.60M265.16M
OtherCurrentLiabilities26.61M18.75M19.44M20.04M
CurrentDeferredLiabilities13.10M15.52M20.43M21.27M
CurrentDeferredRevenue13.10M15.52M20.43M21.27M
CurrentDebtAndCapitalLeaseObligation38.72M33.04M33.10M30.27M
CurrentCapitalLeaseObligation33.72M33.04M33.10M30.27M
CurrentDebt5.00M
OtherCurrentBorrowings5.00M
CurrentProvisions32.74M32.00M27.24M29.68M
PayablesAndAccruedExpenses179.82M178.66M204.38M163.90M
CurrentAccruedExpenses109.66M104.83M111.48M92.82M
InterestPayable6.44M8.78M8.17M5.24M
Payables70.16M73.83M92.90M71.08M
TotalTaxPayable8.94M11.99M17.95M8.77M
AccountsPayable61.22M61.84M74.95M62.32M
TotalAssets837.51M888.95M875.00M864.23M
TotalNonCurrentAssets600.08M658.35M643.99M613.19M
OtherNonCurrentAssets77.28M87.56M76.72M74.17M
NonCurrentDeferredAssets1.92M5.16M
NonCurrentDeferredTaxesAssets1.92M5.16M
NonCurrentNoteReceivables3.26M8.87M12.35M21.25M
GoodwillAndOtherIntangibleAssets67.58M75.46M76.21M70.62M
Goodwill67.58M75.46M76.21M70.62M
NetPPE451.96M486.46M478.71M447.16M
AccumulatedDepreciation-567.40M-574.81M-559.88M-540.50M
GrossPPE1.02B1.06B1.04B987.66M
Leases145.94M149.25M154.44M136.09M
ConstructionInProgress15.34M10.87M25.61M32.27M
OtherProperties751.80M786.16M738.51M696.16M
MachineryFurnitureEquipment498.79M465.81M
BuildingsAndImprovements79.92M88.25M91.45M91.46M
LandAndImprovements26.35M26.74M28.58M31.68M
Properties0.000.000.000.00
CurrentAssets237.43M230.60M231.02M251.04M
OtherCurrentAssets48.90M48.59M42.28M44.12M
AssetsHeldForSaleCurrent4.61M0.00
RestrictedCash2.36M0.00
PrepaidAssets46.31M
Inventory34.34M35.24M36.13M41.38M
Receivables112.64M108.82M112.02M118.16M
TaxesReceivable6.19M2.21M2.58M8.78M
NotesReceivable3.39M4.93M5.20M6.85M
AccountsReceivable103.07M101.68M104.24M102.53M
AllowanceForDoubtfulAccountsReceivable-12.13M-8.47M-8.35M-6.72M
GrossAccountsReceivable115.20M110.14M112.60M109.25M
CashCashEquivalentsAndShortTermInvestments34.59M37.95M40.59M47.37M
CashAndCashEquivalents34.59M37.95M40.59M47.37M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow51.56M34.15M116.44M39.42M
RepurchaseOfCapitalStock0.00-2.08M-210.35M-125.00M
RepaymentOfDebt-234.55M-25.80M-8.82M-5.42M
IssuanceOfDebt200.00M0.00159.00M115.00M
IssuanceOfCapitalStock0.00
CapitalExpenditure-74.44M-72.48M-76.62M-78.39M
EndCashPosition36.95M37.95M40.59M47.37M
BeginningCashPosition37.95M40.59M47.37M70.61M
EffectOfExchangeRateChanges738.00K-244.00K-642.00K-2.01M
ChangesInCash-1.74M-2.39M-6.14M-21.23M
FinancingCashFlow-106.26M-91.67M-124.08M-76.24M
CashFlowFromContinuingFinancingActivities-106.26M-91.67M-124.08M-76.24M
NetOtherFinancingCharges-10.98M-4.29M-7.71M-10.09M
ProceedsFromStockOptionExercised414.00K1.05M2.25M4.04M
CashDividendsPaid-61.14M-60.56M-58.45M-54.77M
PreferredStockDividendPaid0.000.00-6.39M
CommonStockDividendPaid-61.14M-60.56M-58.45M-54.77M
NetPreferredStockIssuance0.000.00-188.65M
PreferredStockPayments0.000.00-188.65M
PreferredStockIssuance0.00
NetCommonStockIssuance0.00-2.08M-210.35M-125.00M
CommonStockPayments0.00-2.08M-210.35M-125.00M
NetIssuancePaymentsOfDebt-34.55M-25.80M150.18M109.58M
NetShortTermDebtIssuance159.00M115.00M80.00M
ShortTermDebtIssuance159.00M115.00M80.00M
NetLongTermDebtIssuance-34.55M-25.80M-8.82M109.58M
LongTermDebtPayments-234.55M-25.80M-8.82M-5.42M
LongTermDebtIssuance200.00M0.000.000.00
InvestingCashFlow-21.49M-17.35M-75.12M-62.79M
CashFlowFromContinuingInvestingActivities-21.49M-17.35M-75.12M-62.79M
NetOtherInvestingChanges12.75M3.97M-752.00K3.23M
NetInvestmentPurchaseAndSale4.74M2.27M4.41M13.59M
SaleOfInvestment4.74M2.27M4.41M13.59M
NetBusinessPurchaseAndSale34.50M48.89M-2.16M12.37M
SaleOfBusiness34.50M49.02M3.46M13.59M
PurchaseOfBusiness0.00-125.00K-5.61M-1.22M
NetPPEPurchaseAndSale-73.47M-72.48M-76.62M-78.39M
SaleOfPPE963.00K0.000.000.00
PurchaseOfPPE-74.44M-72.48M-76.62M-78.39M
OperatingCashFlow126.00M106.63M193.06M117.81M
CashFlowFromContinuingOperatingActivities126.00M106.63M193.06M117.81M
ChangeInWorkingCapital-16.92M-34.36M28.69M-58.42M
ChangeInOtherWorkingCapital-9.52M-17.65M-28.68M-24.07M
ChangeInPayablesAndAccruedExpense3.24M-17.76M49.43M-4.53M
ChangeInAccruedExpense6.96M-2.04M18.31M5.06M
ChangeInPayable-3.72M-15.72M31.12M-9.59M
ChangeInAccountPayable-620.00K-10.04M22.03M1.12M
ChangeInTaxPayable-3.10M-5.68M9.09M-10.71M
ChangeInIncomeTaxPayable-3.10M-5.68M9.09M-10.71M
ChangeInPrepaidAssets816.00K319.00K1.21M5.70M
ChangeInInventory17.00K851.00K5.44M-7.50M
ChangeInReceivables-11.47M-120.00K1.29M-28.02M
ChangesInAccountReceivables-7.56M-465.00K-4.92M-28.61M
OtherNonCashItems-14.36M20.05M146.00K13.12M
StockBasedCompensation14.98M9.59M17.92M18.39M
ProvisionandWriteOffofAssets8.40M2.74M5.39M20.54M
DeferredTax6.74M-3.04M-5.99M2.80M
DeferredIncomeTax6.74M-3.04M-5.99M2.80M
DepreciationAmortizationDepletion92.25M69.41M64.09M52.03M
DepreciationAndAmortization92.25M69.41M64.09M52.03M
OperatingGainsLosses2.80M-41.95M
GainLossOnSaleOfPPE2.80M-41.95M0.000.00
NetIncomeFromContinuingOperations32.12M84.20M82.80M69.35M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PZZA
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status