Domino's Pizza Lowered to Hold at TheStreet (DPZ)
Domino's Pizza (NYSE:DPZ) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Tuesday, Analyst Ratings.Net reports.
The analysts wrote, “Domino’s Pizza (DPZ) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Domino's Pizza in a research note on Monday. They now have a $77.00 price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $75.60.
Domino's Pizza (NYSE:DPZ) traded down 0.50% on Tuesday, hitting $72.15. 153,067 shares of the company’s stock traded hands. Domino's Pizza has a 52 week low of $55.75 and a 52 week high of $80.61. The stock’s 50-day moving average is $75.5 and its 200-day moving average is $71.96. The company has a market cap of $4.000 billion and a P/E ratio of 27.89.
Domino's Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.59 earnings per share. Domino's Pizza’s revenue was up 8.7% compared to the same quarter last year. Analysts expect that Domino's Pizza will post $2.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, June 11th.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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