Domino’s Pizza (DPZ) Upgraded at Nomura

Nomura upgraded shares of Domino’s Pizza (NYSE:DPZ) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. They currently have $201.00 price objective on the restaurant operator’s stock.

A number of other analysts have also recently commented on DPZ. Zacks Investment Research cut Domino’s Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Maxim Group restated a hold rating and issued a $200.00 price objective on shares of Domino’s Pizza in a report on Tuesday, September 19th. Wells Fargo & Company restated a market perform rating and issued a $210.00 price objective (up from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Instinet restated a neutral rating and issued a $201.00 price objective (up from $198.00) on shares of Domino’s Pizza in a report on Wednesday, October 4th. Finally, Stifel Nicolaus began coverage on shares of Domino’s Pizza in a report on Monday, October 2nd. They issued a buy rating and a $235.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $207.68.

Shares of Domino’s Pizza (NYSE:DPZ) opened at $184.62 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The firm has a market capitalization of $8,074.17, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.37. Domino’s Pizza has a 12-month low of $156.26 and a 12-month high of $221.58.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share 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 previous year, the firm posted $0.96 EPS. The business’s revenue was up 13.6% on a year-over-year basis. equities research analysts anticipate that Domino’s Pizza will post 5.8 earnings per share for the current year.

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.00%. Domino’s Pizza’s payout ratio is currently 35.11%.

In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the completion of the sale, the insider now directly owns 17,563 shares in the company, valued at approximately $3,424,785. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.57% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Bank of Australia raised its stake in Domino’s Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 100 shares during the last quarter. Toronto Dominion Bank raised its stake in Domino’s Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Domino’s Pizza during the 2nd quarter valued at $127,000. FNY Partners Fund LP purchased a new stake in Domino’s Pizza during the 3rd quarter valued at $158,000. Finally, Alpha Cubed Investments LLC purchased a new stake in Domino’s Pizza during the 2nd quarter valued at $216,000. Institutional investors and hedge funds own 94.20% of the company’s stock.

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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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