Domino's Pizza Given “Neutral” Rating at Zacks (DPZ)
Domino's Pizza (NYSE:DPZ)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday. They currently have a $77.00 price target on the stock. Zacks‘s price objective would indicate a potential upside of 4.58% from the company’s current price.
Zacks’ analyst wrote, “Domino’s Pizza posted solid first quarter 2014 results. Adjusted earnings of $0.68 per share beat the Zacks Consensus Estimate by 3.0% and were up 15.3% year over year owing to higher revenues, margin expansion and lower share count. Revenues surpassed the consensus mark by 3.0% and increased 15.3% year over year driven by improved domestic and international comps. Domino’s Pizza has been posting impressive results for the past few quarters on the back of higher traffic at its restaurants 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 and Specialty Chicken categories will help it to sustain the top line momentum. However, increase in commodity costs remain a concern. Moreover, a weak consumer spending environment owing to macroeconomic pressure is also a headwind. We maintain our Neutral recommendation on the stock.”
Domino's Pizza (NYSE:DPZ) traded up 0.29% on Friday, hitting $73.63. 271,575 shares of the company’s stock traded hands. Domino's Pizza has a 52-week low of $58.67 and a 52-week high of $80.61. The stock has a 50-day moving average of $72.57 and a 200-day moving average of $73.15. The company has a market cap of $4.096 billion and a price-to-earnings ratio of 28.24.
Domino's Pizza (NYSE:DPZ) last issued its quarterly 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.
Several other analysts have also recently commented on the stock. Analysts at Bank of America downgraded shares of Domino's Pizza from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $68.00 price target on the stock, down previously from $77.00. Separately, analysts at Jefferies Group initiated coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They set a “buy” rating and a $85.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Domino's Pizza presently has an average rating of “Hold” and a consensus target price of $75.75.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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