Domino’s Pizza Inc (NYSE:DPZ) Downgraded to “Hold” at BidaskClub

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.

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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.

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