TheStreet Upgrades Domino’s Pizza to Buy (DPZ)
Domino’s Pizza (NYSE:DPZ) was upgraded by stock analysts at TheStreet to a “buy” rating in a report issued on Tuesday, ARN reports.
Domino’s Pizza (NYSE:DPZ) traded down 4.21% during mid-day trading on Tuesday, hitting $65.95. The stock had a trading volume of 1,313,260 shares. Domino’s Pizza has a 1-year low of $38.98 and a 1-year high of $69.92. The stock has a 50-day moving average of $65.76 and a 200-day moving average of $60.19. The company has a market cap of $3.670 billion and a P/E ratio of 30.44.
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 last year, the company posted $0.43 earnings per share. Domino’s Pizza’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Domino’s Pizza will post $2.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 30th. Stockholders 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 1.16%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer downgraded shares of Domino’s Pizza from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, October 3rd. They now have a $64.00 price target on the stock. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Domino’s Pizza in a research note to investors on Tuesday, September 3rd. They now have a $65.00 price target on the stock. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $61.20.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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