Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “neutral” rating reissued by research analysts at Instinet in a note issued to investors on Saturday, July 22nd. They presently have a $198.00 target price on the restaurant operator’s stock, up from their prior target price of $196.00. Instinet’s price objective would suggest a potential upside of 4.95% from the stock’s current price.
Several other research firms have also weighed in on DPZ. Longbow Research lowered shares of Domino’s Pizza from a “buy” rating to a “neutral” rating in a research note on Friday, June 9th. BidaskClub upgraded shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. BTIG Research reaffirmed a “buy” rating and issued a $233.00 price objective (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Maxim Group upped their price objective 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. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $195.38.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 0.21% during mid-day trading on Friday, reaching $188.66. 1,275,769 shares of the company’s stock traded hands. The company’s 50-day moving average price is $199.93 and its 200-day moving average price is $193.99. Domino’s Pizza has a 12-month low of $145.00 and a 12-month high of $221.58. The stock has a market capitalization of $9.10 billion, a PE ratio of 37.49 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million for the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.98 earnings per share. Analysts anticipate that Domino’s Pizza will post $5.71 earnings per share for the current year.
Domino’s Pizza declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in 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 typically an indication that the company’s board of directors believes its shares are undervalued.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Domino’s Pizza by 0.5% in the second quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock valued at $1,135,876,000 after buying an additional 24,988 shares during the period. Vanguard Group Inc. raised its position in Domino’s Pizza by 8.5% in the second quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock valued at $881,007,000 after buying an additional 327,585 shares in the last quarter. Renaissance Technologies LLC raised its position in Domino’s Pizza by 43.7% in the second quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock valued at $647,472,000 after buying an additional 930,200 shares in the last quarter. Ameriprise Financial Inc. raised its position in Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock valued at $322,614,000 after buying an additional 1,458,667 shares in the last quarter. Finally, State Street Corp raised its position in Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock valued at $283,451,000 after buying an additional 16,726 shares in the last quarter. 99.37% of the stock is 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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