Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “hold” rating reissued by Oppenheimer Holdings, Inc. in a research report issued on Monday, November 6th.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, August 28th. BidaskClub raised shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Credit Suisse Group upped their target price on shares of Domino’s Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Maxim Group upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the stock from $220.00 to $230.00 in a research note on Thursday, November 2nd. Finally, Guggenheim restated a “buy” rating and set a $230.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $208.90.
Domino’s Pizza (NYSE DPZ) traded up $1.18 during trading hours on Monday, reaching $178.65. The company’s stock had a trading volume of 1,107,591 shares, compared to its average volume of 1,167,291. Domino’s Pizza has a 12-month low of $156.26 and a 12-month 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 firm has a market cap of $7,813.08, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The company had revenue of $643.60 million during 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 revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. analysts forecast that Domino’s Pizza will post 5.8 EPS for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total value of $1,418,820.00. Following the sale, the insider now owns 17,563 shares in the company, valued at $3,424,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.57% of the company’s stock.
Large investors have recently modified their holdings of the company. Commonwealth Bank of Australia lifted its holdings in shares of Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares during the period. Toronto Dominion Bank raised its stake in Domino’s Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Domino’s Pizza during the second quarter worth $127,000. Whittier Trust Co. of Nevada Inc. raised its stake in Domino’s Pizza by 115.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after buying an additional 368 shares during the last quarter. Finally, FNY Partners Fund LP bought a new position in Domino’s Pizza during the third quarter worth $158,000. Institutional investors own 94.20% of the company’s stock.
About Domino’s Pizza
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.
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