OTR Global Lowers Domino’s Pizza (NYSE:DPZ) to Positive

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OTR Global lowered shares of Domino’s Pizza (NYSE:DPZ) to a positive rating in a research report released on Wednesday morning, Benzinga reports. OTR Global currently has $280.00 price objective on the restaurant operator’s stock.

Several other brokerages have also recently weighed in on DPZ. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Altagas in a report on Tuesday, March 19th. Morgan Stanley reduced their target price on shares of RPC from $12.00 to $9.50 and set an underperform rating on the stock in a report on Thursday, April 25th. Stephens reaffirmed a hold rating on shares of Carolina Financial in a report on Thursday, April 25th. Credit Suisse Group initiated coverage on shares of Arco Platform in a report on Tuesday, June 25th. They issued a neutral rating on the stock. Finally, Maxim Group reaffirmed a buy rating and issued a $315.00 target price (up previously from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $296.63.

NYSE DPZ opened at $282.11 on Wednesday. The company has a 50 day simple moving average of $280.35. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 2.02 and a beta of 0.48.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. The business had revenue of $835.96 million during the quarter, compared to analyst estimates of $852.59 million. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. Sell-side analysts expect that Domino’s Pizza will post 9.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.92%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 30.88%.

In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.62% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Field & Main Bank purchased a new position in shares of Domino’s Pizza during the first quarter worth approximately $32,000. Cullen Frost Bankers Inc. purchased a new position in shares of Domino’s Pizza during the first quarter worth approximately $37,000. Institutional & Family Asset Management LLC purchased a new position in shares of Domino’s Pizza during the first quarter worth approximately $58,000. Global Retirement Partners LLC grew its position in shares of Domino’s Pizza by 12.3% during the first quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock worth $141,000 after acquiring an additional 60 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Domino’s Pizza by 451.0% in the 2nd quarter. CENTRAL TRUST Co now owns 551 shares of the restaurant operator’s stock valued at $153,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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