Domino's Pizza Receives Neutral Rating from Zacks (DPZ)
Domino's Pizza (NYSE:DPZ)‘s stock had its “neutral” rating reissued by Zacks in a research note issued on Thursday. They currently have a $79.00 target price on the stock. Zacks‘s target price would indicate a potential upside of 4.48% from the stock’s previous close.
Zacks’ analyst wrote, “Domino’s Pizza’s second-quarter 2014 adjusted earnings of $0.67 per share beat the Zacks Consensus Estimate by 3.1% and rose 17.5% year over year. The upside was driven by strong revenues and lower share count. Quarterly revenues increased 8.8% year over year to $450.5 million and surpassed the consensus mark by 2.9%. Revenues were driven by strong comps – both in domestic and international markets. Domino’s 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. 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, increasing commodity costs, especially higher cheese and pork prices and weak consumer spending environment owing to macroeconomic pressures remain headwinds. We, thus, maintain our Neutral recommendation on the stock.”
Shares of Domino's Pizza (NYSE:DPZ) traded up 0.17% during mid-day trading on Thursday, hitting $75.74. 52,213 shares of the company’s stock traded hands. Domino's Pizza has a 1-year low of $61.09 and a 1-year high of $80.61. The stock has a 50-day moving average of $73.86 and a 200-day moving average of $74.29. The company has a market cap of $4.175 billion and a P/E ratio of 28.10.
Domino's Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $450.46 million for the quarter, compared to the consensus estimate of $442.13 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts predict that Domino's Pizza will post $2.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of other analysts have also recently weighed in on DPZ. Analysts at TheStreet upgraded shares of Domino's Pizza to a “buy” rating in a research note on Tuesday, August 19th. Separately, analysts at Miller Tabak upgraded shares of Domino's Pizza from a “hold” rating to a “buy” rating in a research note on Monday, August 4th. They now have a $81.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Domino's Pizza in a research note on Thursday, July 31st. They now have a $79.00 price target on the stock, up previously from $77.00. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.42.
Domino’s Pizza, Inc (NYSE:DPZ) is a pizza delivery company in the United States.
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