BidaskClub cut shares of Domino’s Pizza Inc (NYSE:DPZ) from a buy rating to a hold rating in a research note issued to investors on Monday, July 24th.
Several other research analysts have also weighed in on DPZ. BTIG Research reaffirmed a buy rating and issued a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Jefferies Group LLC reiterated a hold rating and issued a $185.00 price target (up from $180.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Zacks Investment Research downgraded Domino’s Pizza from a buy rating to a hold rating in a report on Wednesday, June 28th. Maxim Group increased their price target on Domino’s Pizza from $186.00 to $200.00 and gave the company a hold rating in a report on Thursday, June 1st. Finally, Wells Fargo & Company initiated coverage on Domino’s Pizza in a report on Tuesday, May 23rd. They issued a market perform rating and a $210.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Domino’s Pizza has an average rating of Hold and a consensus target price of $195.38.
Domino’s Pizza (NYSE:DPZ) traded up 0.21% during midday trading on Monday, reaching $188.66. The company’s stock had a trading volume of 1,275,769 shares. Domino’s Pizza has a 52 week low of $145.00 and a 52 week 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. The firm’s 50-day moving average price is $199.93 and its 200-day moving average price is $193.99.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. On average, analysts anticipate that Domino’s Pizza will post $5.71 earnings per share for the current year.
WARNING: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2017/08/19/bidaskclub-lowers-dominos-pizza-inc-nysedpz-to-hold-updated-updated-updated.html.
Domino’s Pizza declared that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to buy 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 stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.98%. Domino’s Pizza’s dividend payout ratio is currently 36.65%.
A number of institutional investors have recently modified their holdings of the company. Commonwealth Bank of Australia boosted its position in shares of 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 in the last quarter. IHT Wealth Management LLC boosted its stake 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. Toronto Dominion Bank boosted its stake in Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after buying an additional 64 shares during the period. Acrospire Investment Management LLC acquired a new stake in Domino’s Pizza during the second quarter worth $127,000. Finally, TrimTabs Asset Management LLC boosted its stake 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. 99.37% 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.
What are top analysts saying about Domino's Pizza Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Domino's Pizza Inc and related companies.