Instinet reiterated their neutral rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a report released on Wednesday, October 4th. They currently have a $201.00 target price on the restaurant operator’s stock, up from their prior target price of $198.00.
Several other equities analysts have also commented on DPZ. Credit Suisse Group began coverage on Domino’s Pizza in a research report on Wednesday, October 4th. They set a neutral rating and a $200.00 price objective on the stock. Zacks Investment Research lowered Domino’s Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Wells Fargo & Company restated a market perform rating and set a $210.00 price target (up from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Maxim Group restated a hold rating and set a $200.00 price target on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus started coverage on Domino’s Pizza in a research report on Monday, October 2nd. They set a buy rating and a $235.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Domino’s Pizza has a consensus rating of Hold and a consensus price target of $205.18.
Domino’s Pizza (NYSE DPZ) traded down 4.00% during mid-day trading on Wednesday, reaching $192.98. 2,574,367 shares of the company’s stock were exchanged. The company has a market cap of $8.44 billion, a PE ratio of 35.67 and a beta of 0.36. The stock has a 50-day moving average price of $193.73 and a 200 day moving average price of $196.34. Domino’s Pizza has a 52-week low of $150.77 and a 52-week high of $221.58.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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 firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Equities analysts predict that Domino’s Pizza will post $5.71 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was published by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/instinet-reiterates-neutral-rating-for-dominos-pizza-inc-dpz/1692003.html.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is presently 35.11%.
Domino’s Pizza declared that its board has approved a share buyback plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. IHT Wealth Management LLC lifted its stake in shares of Domino’s Pizza by 19.5% in the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Commonwealth Bank of Australia raised its stake in Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 100 shares during the last quarter. 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 valued at $125,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Domino’s Pizza during the second quarter valued at $127,000. Finally, 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 valued at $145,000 after buying an additional 368 shares during the last quarter. Institutional investors own 94.22% 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.
Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with our FREE daily email newsletter.