Headlines about Domino’s Pizza (NYSE:DPZ) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Domino’s Pizza earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 45.0846045613844 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Domino’s Pizza (NYSE:DPZ) opened at 184.68 on Monday. Domino’s Pizza has a 52 week low of $153.58 and a 52 week high of $221.58. The firm has a market cap of $8.08 billion, a PE ratio of 35.16 and a beta of 0.36. The stock has a 50 day moving average of $194.57 and a 200-day moving average of $196.54.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The business had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $627.85 million. During the same period in the prior year, the business posted $0.96 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts expect that Domino’s Pizza will post $5.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s payout ratio is presently 35.11%.
Domino’s Pizza declared that its board has initiated a share repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several research firms have commented on DPZ. BidaskClub downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $210.00 price objective (up from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, August 28th. Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $210.00 to $185.00 in a report on Wednesday, July 26th. Finally, Maxim Group reaffirmed a “hold” rating and set a $220.00 price objective on shares of Domino’s Pizza in a report on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $208.31.
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In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now directly owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.57% of the stock is currently owned by corporate insiders.
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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