Shares of Domino’s Pizza Inc (NYSE:DPZ) have received an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $193.93.
A number of equities analysts recently weighed in on DPZ shares. Maxim Group boosted their price target on shares of Domino’s Pizza from $186.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, June 1st. BidaskClub downgraded shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 18th. OTR Global reissued a “positive” rating on shares of Domino’s Pizza in a report on Saturday, April 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $180.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 12th. Finally, BTIG Research reissued a “buy” rating and issued a $233.00 price target (up from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st.
Domino’s Pizza (DPZ) traded down 0.69% during mid-day trading on Friday, hitting $195.43. 901,900 shares of the stock were exchanged. The stock’s 50-day moving average is $207.84 and its 200 day moving average is $192.31. Domino’s Pizza has a 52 week low of $143.47 and a 52 week high of $221.58. The company has a market capitalization of $9.43 billion, a PE ratio of 38.84 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The company had revenue of $628.61 million for the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, analysts anticipate that Domino’s Pizza will post $5.65 EPS for the current year.
Domino’s Pizza announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s payout ratio is 36.65%.
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Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC increased its stake in shares of Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after buying an additional 93 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Domino’s Pizza by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock worth $126,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Domino’s Pizza by 115.4% in 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. Meeder Asset Management Inc. purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $160,000. Finally, MCF Advisors LLC increased its stake in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the last quarter. 98.55% of the stock is currently owned by hedge funds and other 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.
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