Domino’s Pizza Inc. (DPZ) Stock Rating Reaffirmed by N+1 Singer
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “hold” rating reaffirmed by equities researchers at N+1 Singer in a research report issued to clients and investors on Wednesday.
Other analysts also recently issued reports about the company. Maxim Group lifted their target price on Domino’s Pizza from $127.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, July 22nd. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Numis Securities Ltd reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Wednesday, July 20th. Nomura downgraded Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a research report on Wednesday, June 22nd. Finally, Vetr downgraded Domino’s Pizza from a “hold” rating to a “sell” rating and set a $133.50 target price for the company. in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $141.88.
Shares of Domino’s Pizza (NYSE:DPZ) traded down 0.09% during trading on Wednesday, reaching $152.24. 583,077 shares of the company were exchanged. The firm has a market capitalization of $7.35 billion, a P/E ratio of 40.98 and a beta of 0.81. Domino’s Pizza has a 1-year low of $100.59 and a 1-year high of $155.10. The firm’s 50 day moving average is $151.01 and its 200 day moving average is $137.16.
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Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The business earned $547.34 million during the quarter, compared to the consensus estimate of $533.44 million. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. Domino’s Pizza’s payout ratio is 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of Domino’s Pizza stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the sale, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Goldman sold 3,095 shares of Domino’s Pizza stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $147.66, for a total value of $457,007.70. Following the sale, the director now directly owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. Insiders own 5.03% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DPZ. Fox Run Management L.L.C. purchased a new stake in Domino’s Pizza during the third quarter worth approximately $714,000. Creative Planning increased its stake in Domino’s Pizza by 2.7% in the third quarter. Creative Planning now owns 1,420 shares of the company’s stock worth $216,000 after buying an additional 38 shares during the period. Fisher Asset Management LLC increased its stake in Domino’s Pizza by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,480,266 shares of the company’s stock worth $224,778,000 after buying an additional 4,953 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Domino’s Pizza by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,436 shares of the company’s stock worth $2,648,000 after buying an additional 346 shares during the period. Finally, Dorsey Wright & Associates increased its stake in Domino’s Pizza by 2.7% in the third quarter. Dorsey Wright & Associates now owns 5,723 shares of the company’s stock worth $869,000 after buying an additional 152 shares during the period. 95.61% of the stock is owned by hedge funds and other institutional investors.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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