Domino’s Pizza Inc (DPZ) Earns Hold Rating from Maxim Group

Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “hold” rating reaffirmed by equities researchers at Maxim Group in a research note issued on Tuesday. They currently have a $200.00 price target on the restaurant operator’s stock. Maxim Group’s price objective would indicate a potential upside of 2.24% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $210.00 to $185.00 in a research note on Wednesday, July 26th. Finally, Bank of America Corporation upped their price objective on shares of Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $196.64.

Shares of Domino’s Pizza (NYSE DPZ) traded up 0.187% during mid-day trading on Tuesday, hitting $195.985. 444,858 shares of the stock were exchanged. The stock has a market cap of $9.46 billion, a PE ratio of 38.948 and a beta of 0.36. The company has a 50-day moving average of $188.19 and a 200 day moving average of $194.43. Domino’s Pizza has a one year low of $149.67 and a one year high of $221.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data 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 business 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 company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts predict that Domino’s Pizza will post $5.69 earnings per share for the current year.

Domino’s Pizza announced that its board has initiated a stock repurchase program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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Institutional investors have recently added to or reduced their stakes in the company. 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 worth $5,901,000 after acquiring an additional 4,738 shares in the last quarter. Swiss National Bank increased its position in shares of Domino’s Pizza by 2.9% in the second quarter. Swiss National Bank now owns 175,200 shares of the restaurant operator’s stock worth $37,060,000 after acquiring an additional 4,900 shares in the last quarter. KBC Group NV increased its position in shares of Domino’s Pizza by 32.3% in the second quarter. KBC Group NV now owns 8,382 shares of the restaurant operator’s stock worth $1,773,000 after acquiring an additional 2,048 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Domino’s Pizza by 572.2% in the second quarter. Chicago Equity Partners LLC now owns 122,105 shares of the restaurant operator’s stock worth $25,829,000 after acquiring an additional 103,940 shares in the last quarter. Finally, Turner Investments LLC acquired a new stake in shares of Domino’s Pizza in the first quarter worth $1,491,000. 94.22% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

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.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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