Domino’s Pizza’s “Hold” Rating Reaffirmed at Oppenheimer (DPZ)
Domino’s Pizza (NYSE:DPZ)‘s stock had its “hold” rating reiterated by analysts at Oppenheimer in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. They currently have a $64.00 target price on the stock. Oppenheimer’s price objective would indicate a potential downside of 1.39% from the company’s current price.
The analysts wrote, “Another impressive domestic and Int’l comp (~5%) highlights rock solid operations, but model’s restricted earnings leverage and higher G&A kept EPS in check ($0.51, vs Street’s $0.52). We love the business and strategy, but reiterate our recent Perform rating, given heightened risk as SSS enter tough cycle with a stretched stock valuation and few catalysts for major earnings revisions.”
Domino’s Pizza (NYSE:DPZ) traded up 1.83% during mid-day trading on Tuesday, hitting $66.09. 149,449 shares of the company’s stock traded hands. Domino’s Pizza has a 52-week low of $38.98 and a 52-week high of $69.92. The stock’s 50-day moving average is $65.84 and its 200-day moving average is $60.22. The company has a market cap of $3.678 billion and a price-to-earnings ratio of 28.69.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $404.05 million for the quarter, compared to the consensus estimate of $402.70 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Domino’s Pizza will post $2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 30th. Shareholders of record on Friday, December 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, December 11th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Feltl & Co. raised their price target on shares of Domino’s Pizza from $58.00 to $63.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at TheStreet upgraded shares of Domino’s Pizza to a “buy” rating in a research note to investors on Tuesday. Finally, analysts at KeyCorp initiated coverage on shares of Domino’s Pizza in a research note to investors on Monday, September 9th. They set a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.20.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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