Domino’s Pizza Inc (DPZ) Downgraded by BidaskClub

Domino’s Pizza Inc (NYSE:DPZ) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other analysts have also issued reports on DPZ. Zacks Investment Research lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. BTIG Research restated a “buy” rating and set a $233.00 price objective (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Jefferies Group LLC restated a “hold” rating and set a $185.00 price objective (up from $180.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Maxim Group upped their price objective on Domino’s Pizza from $186.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, June 1st. Finally, Wells Fargo & Company started coverage on Domino’s Pizza in a research report on Tuesday, May 23rd. They set a “market perform” rating and a $210.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $185.59.

Domino’s Pizza (NYSE DPZ) opened at 208.25 on Tuesday. The company has a market capitalization of $10.01 billion, a PE ratio of 44.53 and a beta of 0.38. Domino’s Pizza has a 12 month low of $134.78 and a 12 month high of $221.58. The company has a 50-day moving average price of $208.49 and a 200 day moving average price of $185.44.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, April 27th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.10. The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $615.66 million. Domino’s Pizza had a negative return on equity of 12.21% and a net margin of 9.06%. Domino’s Pizza’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. On average, equities research analysts forecast that Domino’s Pizza will post $5.45 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter worth about $151,000. GSA Capital Partners LLP increased its position in shares of Domino’s Pizza by 45.8% in the fourth quarter. GSA Capital Partners LLP now owns 2,835 shares of the restaurant operator’s stock worth $451,000 after buying an additional 890 shares during the period. M Holdings Securities Inc. increased its position in shares of Domino’s Pizza by 1.2% in the fourth quarter. M Holdings Securities Inc. now owns 3,244 shares of the restaurant operator’s stock worth $517,000 after buying an additional 38 shares during the period. Teachers Advisors LLC increased its position in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares during the period. 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 worth $212,000 after buying an additional 180 shares during the period. Institutional investors own 99.47% 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.

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