Instinet Reiterates “Neutral” Rating for Domino’s Pizza Inc (DPZ)

Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “neutral” rating reiterated by investment analysts at Instinet in a research note issued to investors on Saturday, July 22nd. They currently have a $198.00 price target on the restaurant operator’s stock, up from their previous price target of $196.00. Instinet’s price target suggests a potential upside of 4.95% from the company’s current price.

DPZ has been the subject of several other research reports. Maxim Group raised their price target on shares of Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, June 1st. BidaskClub cut shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. OTR Global reissued a “positive” rating on shares of Domino’s Pizza in a research report on Saturday, April 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $180.00 price target on shares of Domino’s Pizza in a research report on Wednesday, April 12th. Finally, BTIG Research reaffirmed 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. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $195.38.

Shares of Domino’s Pizza (NYSE:DPZ) traded up 0.21% during midday trading on Friday, reaching $188.66. The company 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 50-day moving average of $199.93 and a 200 day moving average of $193.99. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 37.49 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter 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.

Domino’s Pizza announced that its board has approved a share repurchase program on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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Hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 4 shares during the period. M Holdings Securities Inc. increased its stake in shares of Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 19 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in shares of Domino’s Pizza by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock valued at $422,000 after buying an additional 25 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Domino’s Pizza by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock valued at $2,528,000 after buying an additional 30 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Domino’s Pizza by 3.2% in the second quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock valued at $297,000 after buying an additional 44 shares during the period. 99.37% of the stock is currently owned by hedge funds and other 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.

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