Domino's Pizza, Inc. (NYSE:DPZ) shares reached a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $224.86 and last traded at $225.29, with a volume of 3326405 shares traded. The stock had previously closed at $220.74.
The restaurant operator reported $2.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.12. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company had revenue of $891.50 million during the quarter, compared to analyst estimates of $904.79 million. During the same period in the previous year, the business earned $1.48 EPS. Domino's Pizza’s quarterly revenue was up 8.8% on a year-over-year basis.
Several research firms have commented on DPZ. Stephens reiterated an “overweight” rating and set a $245.00 price objective (up from $220.00) on shares of Domino's Pizza in a research note on Tuesday. They noted that the move was a valuation call. Deutsche Bank boosted their price objective on Domino's Pizza from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Oppenheimer boosted their price objective on Domino's Pizza from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Mizuho began coverage on Domino's Pizza in a research note on Wednesday, January 24th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $220.00 price objective (down from $235.00) on shares of Domino's Pizza in a research note on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $223.86.
Several hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in Domino's Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares during the last quarter. Balentine LLC lifted its holdings in Domino's Pizza by 2,916.7% in the fourth quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock valued at $137,000 after acquiring an additional 700 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Domino's Pizza in the fourth quarter valued at approximately $145,000. FNY Partners Fund LP acquired a new position in Domino's Pizza in the third quarter valued at approximately $158,000. Finally, Acadian Asset Management LLC lifted its holdings in Domino's Pizza by 3,482.1% in the fourth quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after acquiring an additional 975 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.
The firm has a market capitalization of $9,690.00, a price-to-earnings ratio of 42.19, a P/E/G ratio of 1.82 and a beta of 0.45. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49.
ILLEGAL ACTIVITY WARNING: “Domino's Pizza (DPZ) Reaches New 1-Year High on Strong Earnings” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/21/dominos-pizza-dpz-reaches-new-1-year-high-on-strong-earnings.html.
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.
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.