Domino’s Pizza Inc (DPZ) Upgraded to “Buy” by Longbow Research

Longbow Research upgraded shares of Domino’s Pizza Inc (NYSE:DPZ) from a neutral rating to a buy rating in a report issued on Friday morning.

Several other equities analysts have also issued reports on DPZ. BidaskClub lowered Domino’s Pizza from a buy rating to a hold rating in a research note on Monday, July 24th. Sanford C. Bernstein reiterated a market perform rating and issued a $215.00 price target on shares of Domino’s Pizza in a research note on Tuesday. Stephens upgraded Domino’s Pizza from an equal weight rating to an overweight rating and decreased their price target for the company from $210.00 to $185.00 in a research note on Wednesday. Instinet reiterated a neutral rating and issued a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Finally, Wells Fargo & Company reiterated a market perform rating and issued a $212.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 18th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $194.40.

Shares of Domino’s Pizza (DPZ) traded up 0.36% during mid-day trading on Friday, reaching $183.09. The company’s stock had a trading volume of 1,168,960 shares. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 36.39 and a beta of 0.38. The firm has a 50 day moving average price of $208.91 and a 200 day moving average price of $191.68. Domino’s Pizza has a 52-week low of $143.47 and a 52-week high of $221.58.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. During the same quarter last year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Domino’s Pizza will post $5.60 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “[[title]]” was published by [[site]] and is the property of of [[site]]. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at [[permalink]].

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 36.65%.

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Domino’s Pizza during the first quarter valued at $1,181,000. State of Wisconsin Investment Board increased its position in shares of Domino’s Pizza by 17.4% in the first quarter. State of Wisconsin Investment Board now owns 32,021 shares of the restaurant operator’s stock valued at $5,901,000 after buying an additional 4,738 shares during the last quarter. Turner Investments LLC bought a new position in shares of Domino’s Pizza during the first quarter valued at approximately $1,491,000. Envestnet Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $151,000. Finally, Creative Planning increased its position in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock valued at $212,000 after buying an additional 180 shares during the last quarter. 98.91% of the stock is currently owned by institutional investors.

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.