Domino's Pizza Stock Rating Reaffirmed by Zacks (DPZ)
Domino's Pizza (NYSE:DPZ)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Monday, AnalystRatings.NET reports. They currently have a $77.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 5.49% from the stock’s previous close.
Zacks’ analyst wrote, “Domino’s Pizza posted solid first quarter 2014 results. Adjusted earnings of $0.68 per share beat the Zacks Consensus Estimate and went up year over year owing to higher revenues, margin expansion and lower share count. Revenues surpassed the consensus mark and increased year over year driven by improved domestic and international comparable sales. Domino’s Pizza has been posting impressive results for the past few quarters on the back of higher traffic and unit growth. The company’s international operations promise significant growth potential. We believe the company’s digital ordering system and its foray into the Pan Pizza category will help it to sustain the top line momentum. However, increase in commodity costs remains a concern for the company, which would hurt margins going forward. Moreover, a weak consumer spending environment owing to macroeconomic pressure also remains a headwind. We maintain our Neutral recommendation on the stock. “
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Domino's Pizza in a research note on Friday. They now have a $79.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Domino's Pizza from $62.00 to $77.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. Finally, analysts at TheStreet upgraded shares of Domino's Pizza from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $75.60.
Shares of Domino's Pizza (NYSE:DPZ) traded down 1.01% on Monday, hitting $72.25. 232,984 shares of the company’s stock traded hands. Domino's Pizza has a one year low of $55.75 and a one year high of $80.61. The stock’s 50-day moving average is $75.71 and its 200-day moving average is $71.83. The company has a market cap of $4.006 billion and a price-to-earnings ratio of 28.07.
Domino's Pizza (NYSE:DPZ) last released its earnings data on Thursday, May 1st. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.03. The company had revenue of $453.85 million for the quarter, compared to the consensus estimate of $444.91 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Domino's Pizza will post $2.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, June 11th.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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