Domino’s Pizza Inc (DPZ) Cut to “Buy” at BidaskClub

BidaskClub cut shares of Domino’s Pizza Inc (NYSE:DPZ) from a strong-buy rating to a buy rating in a research report released on Tuesday, July 18th.

A number of other equities research analysts have also recently weighed in on DPZ. Jefferies Group LLC reiterated a hold rating and issued a $180.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, April 12th. Guggenheim started coverage on Domino’s Pizza in a report on Friday, April 21st. They issued a buy rating and a $192.00 target price on the stock. OTR Global reissued a positive rating on shares of Domino’s Pizza in a report on Saturday, April 22nd. Stephens reissued an equal weight rating and issued a $185.00 target price on shares of Domino’s Pizza in a report on Friday, April 28th. Finally, Instinet reissued a neutral rating and issued a $196.00 target price (up previously from $174.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $195.38.

Domino’s Pizza (NYSE:DPZ) traded up 0.17% during mid-day trading on Tuesday, reaching $192.86. 756,034 shares of the company’s stock traded hands. The stock has a 50 day moving average of $203.55 and a 200 day moving average of $193.35. Domino’s Pizza has a 12-month low of $143.47 and a 12-month high of $221.58. The company has a market cap of $9.31 billion, a P/E ratio of 38.33 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $609.87 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza will post $5.70 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

Domino’s Pizza declared that its board has approved 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 repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its position in Domino’s Pizza by 25.0% in the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after buying an additional 100 shares during the period. IHT Wealth Management LLC increased its position in 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 period. Acrospire Investment Management LLC purchased a new position in Domino’s Pizza during the second quarter worth approximately $127,000. TrimTabs Asset Management LLC increased its position in 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 period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in 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 period. Institutional investors own 98.55% 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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