Domino’s Pizza Inc (NYSE:DPZ) Lifted to Buy at Maxim Group

Domino’s Pizza Inc (NYSE:DPZ) was upgraded by research analysts at Maxim Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, November 2nd, MarketBeat.com reports. The brokerage presently has a $230.00 price target on the restaurant operator’s stock, up from their prior price target of $220.00. Maxim Group’s target price would indicate a potential upside of 30.93% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a report on Thursday, August 10th. Longbow Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price objective for the company in a report on Friday, July 28th. BidaskClub lowered shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus assumed coverage on shares of Domino’s Pizza in a report on Monday, October 2nd. They set a “buy” rating and a $235.00 price objective for the company. Finally, Guggenheim reissued a “buy” rating and issued a $230.00 target price on shares of Domino’s Pizza in a report on Friday, October 13th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of “Hold” and an average target price of $208.90.

Domino’s Pizza (NYSE:DPZ) opened at $175.66 on Thursday. Domino’s Pizza has a one year low of $156.26 and a one year high of $221.58. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. The stock has a market cap of $7,680.00, a PE ratio of 32.46, a price-to-earnings-growth ratio of 1.79 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. equities research analysts forecast that Domino’s Pizza will post 5.78 earnings per share for the current fiscal year.

Domino’s Pizza announced that its board has approved a share buyback program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to buy up to 13.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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In related news, insider Russell J. Weiner sold 7,276 shares of Domino’s Pizza stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the completion of the sale, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.57% of the company’s stock.

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares during the period. Strs Ohio lifted its holdings in Domino’s Pizza by 4,601.2% in the third quarter. Strs Ohio now owns 30,652 shares of the restaurant operator’s stock valued at $6,085,000 after acquiring an additional 30,000 shares during the period. Swiss National Bank lifted its holdings in Domino’s Pizza by 2.9% in the second quarter. Swiss National Bank now owns 175,200 shares of the restaurant operator’s stock valued at $37,060,000 after acquiring an additional 4,900 shares during the period. KBC Group NV lifted its holdings in Domino’s Pizza by 32.3% in the second quarter. KBC Group NV now owns 8,382 shares of the restaurant operator’s stock valued at $1,773,000 after acquiring an additional 2,048 shares during the period. Finally, Chicago Equity Partners LLC lifted its holdings in Domino’s Pizza by 572.2% in the second quarter. Chicago Equity Partners LLC now owns 122,105 shares of the restaurant operator’s stock valued at $25,829,000 after acquiring an additional 103,940 shares during the period. 94.20% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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

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