Papa John's International, Inc. (PZZA) Stock Price & Analysis
Papa John's International, Inc. (PZZA) closed at USD 18.54 on Wednesday, October 28, 2026, up 2.60% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 18.07; the Oct 28, 2026 session ranged USD 17.98–18.7 on volume of 1,519,998 shares. Market capitalization is $610.37M, with a 52-week range of USD 17.7–53.14 (NMS). Source: Nexqual, retrieved October 29, 2026 at 01:56 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PZZA.md
Key facts (PZZA)
- Last four reported quarters (through Jun 28, 2026): revenue $1.97B, net income $27.6M (1.4% margin), free cash flow $34.2M (SEC filings).
- Valuation: P/E 22.1x (avg 29.5x at the last 3 fiscal year-ends), EV/EBITDA 7.4x, net debt $699M.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (13 analysts), mean target USD 28 (range 19–43).
- Total return with dividends: 1Y -63.3% vs S&P 500 +13.6%; 5Y -82.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.15, revenue estimate $459M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PZZA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.07B | $2.10B | $2.14B | $2.06B | $2.05B | $1.97B |
| Operating income | $168M | $109M | $147M | $157M | $89.1M | $84.6M |
| Net income | $120M | $67.8M | $82.1M | $83.5M | $30.5M | $27.6M |
| EPS (diluted) | $0.12 | $1.89 | $2.48 | $2.54 | $0.90 | — |
| Free cash flow | $116M | $39.4M | $116M | $34.1M | $61.3M | $34.2M |
| Operating margin | 8.1% | 5.2% | 6.9% | 7.6% | 4.3% | 4.3% |
| Net margin | 5.8% | 3.2% | 3.8% | 4.1% | 1.5% | 1.4% |
| Revenue growth | +14.1% | +1.6% | +1.6% | -3.6% | -0.3% | — |
| Cash + short-term investments | $70.6M | $47.4M | $40.6M | $38.0M | $34.6M | — |
| Total debt | $481M | $597M | $757M | $742M | $722M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 28, 2026) (PZZA)
P/E 22.1x · P/S 0.3x · EV/EBITDA 7.4x · EV/Sales 0.7x · P/FCF 17.8x · FCF yield 5.61% · Earnings yield 4.52% · Dividend yield (paid, TTM) 10.08% · Net debt $699M · EV $1.31B
P/E at fiscal year-ends: Dec 2025 41.5x, Dec 2024 16.1x, Dec 2023 30.8x.
Analysts (PZZA)
Consensus Hold (mean 3.00 on a 1–5 scale), 13 analysts; mean target USD 28 (low 19, high 43).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Stephens & Co. | Target lowered | Equal-Weight | $24 → $19 |
| 2026-08-07 | UBS | Target lowered | Neutral | $33 → $28 |
| 2026-08-07 | Benchmark | Downgrade | Buy → Hold | |
| 2026-08-07 | Piper Sandler | Target lowered | Neutral | $30 → $26 |
| 2026-08-07 | Stephens & Co. | Downgrade | Overweight → Equal-Weight | $38 → $24 |
| 2026-07-31 | Mizuho | Target lowered | Neutral | $33 → $32 |
| 2026-07-13 | B of A Securities | Downgrade | Neutral → Underperform | $42 → $34 |
| 2026-07-01 | Stephens & Co. | Reiterated | Overweight | $40 |
Total return (dividends reinvested) (PZZA)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -63.3% | -82.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -63.4% | -29.5% |
| Volatility (annualized) | 50.6% | 43.1% |
| Max drawdown | -64.2% (Oct 2025→Oct 2026) | -84.3% (Dec 2021→Oct 2026) |
PZZA earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.46 | $0.45 | Beat +2.2% | -17.7% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $0.32 | $0.37 | Miss −13.5% | -7.8% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $0.34 | $0.33 | Beat +3.0% | -7.3% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.32 | $0.41 | Miss −22.0% | -0.4% |
| Aug 7, 2025 | — | — | — | — | +6.9% |
| May 8, 2025 | — | — | — | — | +14.9% |
| Feb 27, 2025 | — | — | — | — | -1.9% |
| Jan 13, 2025 | — | — | — | — | +2.5% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
PZZA recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 20, 2026 | Schedule 13G | Norbel Investments, S.L.: 5.0% of shares, passive 5%+ holder |
| Aug 25, 2026 | 8-K | Regulation FD disclosure |
| Aug 14, 2026 | Schedule 13G/A | EARNEST PARTNERS LLC: 8.8% of shares, passive 5%+ holder (amended) |
| Aug 12, 2026 | Schedule 13G | MANAGED ACCOUNT ADVISORS LLC: 6.6% of shares, passive 5%+ holder |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 28, 2026 |
| Aug 6, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
PZZA revenue by business segment (quarter ended Jun 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America Commissaries | $255.8M | 53.0% | -4.4% |
| Domestic Company-Owned Restaurants | $138.9M | 28.8% | -21.0% |
| International | $45.0M | 9.3% | +1.9% |
| North America Franchising | $33.3M | 6.9% | -9.1% |
| Total revenue | $482.4M | 100% | — |
PZZA revenue by product line (quarter ended Jun 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Commissary revenues | $230.8M | 47.8% | -1.6% |
| Company-owned restaurant sales | $142.2M | 29.5% | -20.6% |
| Franchise royalties and fees | $46.6M | 9.7% | -3.6% |
| Advertising funds revenue | $41.4M | 8.6% | -6.4% |
| Other revenues | $21.5M | 4.4% | -7.2% |
| Total revenue | $482.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PZZA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Marketing Fund | “Additionally, we generate revenue from sales to franchisees of various items including food and paper products from our North America Quality Control Centers ("QC Centers") and operation of our International QC Center in the United Kingdom, contributions received by Papa John's Marketing Fund, Inc. ("PJMF") which is our national marketing fund, and fees related to the use of information systems equipment as well a…” |
| Partner | Ford (F) | “Prior to Kellogg, Mr. Penegor worked at Ford Motor Company in various capacities within the Company's finance organization supporting mergers and acquisitions, global joint ventures and treasury.” |
Quoted from the company's 10-K filed Feb 26, 2026.
PZZA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.15 | $0.31 | -50.2% | $458.7M | 13 |
| Next quarter (ends Dec 2026) | $0.25 | $0.39 | -37.0% | $462.8M | 13 |
| Current fiscal year (ends Dec 2026) | $1.16 | $1.47 | -21.0% | $1.88B | 13 |
| Next fiscal year (ends Dec 2027) | $1.30 | $1.72 | -24.7% | $1.84B | 13 |
PZZA options: expected move
Options price a move of about ±13.5% (±$2.48) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±7.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 64.0% | ±13.5% |
| Dec 18, 2026 | 51 | 54.4% | ±16.7% |
| Jan 15, 2027 | 79 | 53.2% | ±19.8% |
| Mar 19, 2027 | 142 | 49.8% | ±24.9% |
| Apr 16, 2027 | 170 | 66.1% | ±35.5% |
| Jun 17, 2027 | 232 | 56.8% | ±35.7% |
| Sep 17, 2027 | 324 | 49.4% | ±36.9% |
30-day implied volatility 64.2% vs 27.6% realized over the last 30 trading days. Put/call ratio (volume) 0.2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 01:56 UTC)
| Price | USD 18.54 |
|---|---|
| Change | ▲ 2.60% (up) |
| Previous Close | USD 18.07 |
| Open | USD 18.06 |
| Day Range | USD 17.98 – 18.7 |
| 52-Week Range | USD 17.7 – 53.14 |
| Volume | 1,519,998 shares |
| Market Cap | $610.37M |
| Exchange | NMS |
Technical Analysis (PZZA)
Nexqual's technical model rates PZZA "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 01:56 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.78 (neutral) |
| vs SMA50 | Below (USD 20.69) |
| MACD | -0.74 (negative) |
Analyst Ratings (PZZA)
Wall Street analysts rate PZZA "Hold" based on 13 analysts, with a mean price target of USD 28 (range USD 19–43), per Nexqual as of October 29, 2026 at 01:56 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 28 |
| High Target | USD 43 |
| Low Target | USD 19 |
| Buy / Hold / Sell | 2 / 10 / 1 |
Earnings (PZZA)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.15 |
| Revenue Estimate | $458.70M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.46 vs est 0.45 ▲ beat |
| 2026-03-31 | USD 0.32 vs est 0.37 ▼ miss |
| 2025-12-31 | USD 0.34 vs est 0.33 ▲ beat |
| 2025-09-30 | USD 0.32 vs est 0.41 ▼ miss |
Source: Nexqual, October 29, 2026 at 01:56 UTC.
Financials & Fundamentals (PZZA)
| Total Revenue | $1.97B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -8.80% |
| Gross Margin | +20.36% |
| Operating Margin | +5.74% |
| Profit Margin | +1.40% |
| Current Ratio | 0.83 |
| Total Cash | $28.76M |
| Total Debt | $935.52M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $34.24M (1.7% of revenue) |
Source: Nexqual, October 29, 2026 at 01:56 UTC.
Financial Health Score (PZZA)
Nexqual rates Papa John's International, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 01:56 UTC.
| Growth | Weak — Revenue -0% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 20%, operating 4% (last 12 months) |
| Balance Sheet | Mixed — $28M cash and investments vs $727M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $34M (last 4 quarters to Jun 2026, SEC), slim 1.7% margin |
| Efficiency | Mixed — ROE not meaningful (negative equity); ROA 3.4% (last 4 quarters, SEC) |
Ownership (PZZA)
| Insider Ownership | +6.74% |
|---|---|
| Institutional Ownership | +116.12% |
| Shares Outstanding | 32.92M |
| Float | 30.82M |
| Short % of Float | +27.93% |
Source: Nexqual, October 29, 2026 at 01:56 UTC.
Leadership (PZZA)
Papa John's International, Inc. is led by Todd Allan Penegor, President, CEO & Director, per Nexqual as of October 29, 2026 at 01:56 UTC.
| President, CEO & Director | Todd Allan Penegor |
|---|---|
| Interim CFO, Senior VP of Corporate Finance & Principal Accounting Officer | Christopher K. Collins |
Major Backers & Investors (PZZA)
Notable institutional backers of Papa John's International, Inc. include Earnest Partners LLC, Brandes Investment Partners L.P., Bank of America Corporation, according to Nexqual as of October 29, 2026 at 01:56 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Earnest Partners LLC | 8.78% |
| Brandes Investment Partners L.P. | 8.29% |
| Bank of America Corporation | 6.87% |
| SEI Investments Co | 5.01% |
| Irth Capital Management LP | 4.95% |
| Quinn Opportunity Partners, LLC | 3.03% |
| Fidelity | 1.11% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.06% |
| Vanguard Group | 10.42% |
| State Street | 3.97% |
Source: Nexqual, October 29, 2026 at 01:56 UTC.
From Papa John's International, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Our approach will leverage our individualized knowledge of our customers and vast consumer data to create more personalized offers, differentiate our brand through creativity and disruption and may include supplemental investments to reach a wider audience through traditional and digital advertising, ensuring a strong presence in key regional and local markets.
- Investing in our technology to deliver a more seamless and personalized experience across our digital assets and owned channels as well as to drive greater efficiency throughout our operations by leveraging our data to inform our decisions and better serve our customers.
- Operating Company-owned restaurants allows us to improve operations, training, marketing and quality standards for the benefit of the entire Papa Johns system.
Partnerships
- We will establish a development or a master franchise agreement with a franchisee for the opening of a specified number of restaurants within a defined period of time and specified geographic area.
- Under a development agreement with master franchise rights, upon meeting certain conditions, the franchisee has the right to sub-franchise a portion of the development to one or more sub-franchisees approved by us.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in privacy or data protection laws could adversely affect our ability to market our products effectively.
- Our current insurance may not be adequate and we may experience claims in excess of our reserves.
- Failure to maintain the integrity of internal or customer data could result in damage to our reputation, loss of sales, and/or subject us to litigation, penalties or significant costs.
- We have been and will continue to be subject to various types of investigations and litigation, including collective and class action litigation, which could subject us to significant damages or other remedies.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FWRG | First Watch Restaurant Group, I | USD 11.55 | ▲ 4.15% |
| CNNE | Cannae Holdings, Inc. | USD 16.85 | ▲ 1.94% |
| BLMN | Bloomin' Brands, Inc. | USD 9.99 | ▲ 10.02% |
| BH | Biglari Holdings Inc. | USD 384.65 | ▼ 0.37% |
| BJRI | BJ's Restaurants, Inc. | USD 60.51 | ▲ 5.31% |
| SG | Sweetgreen, Inc. | USD 11.24 | ▲ 9.02% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 01:56 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt