Jefferies Group Initiates Coverage on Domino's Pizza (DPZ)
Research analysts at Jefferies Group initiated coverage on shares of Domino's Pizza (NYSE:DPZ) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $85.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 15.77% from the company’s current price.
Shares of Domino's Pizza (NYSE:DPZ) opened at 73.42 on Tuesday. 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 $72.75 and its 200-day moving average is $72.8. The company has a market cap of $4.084 billion and a P/E ratio of 28.43.
Domino's Pizza (NYSE:DPZ) last posted its quarterly earnings results 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 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 declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders 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 1.36%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of other firms have also recently commented on DPZ. Analysts at TheStreet downgraded shares of Domino's Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Domino's Pizza in a research note on Monday, May 5th. They now have a $77.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Domino's Pizza in a research note on Friday, May 2nd. They now have a $79.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $76.45.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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