Domino’s Pizza’s (DPZ) “Hold” Rating Reaffirmed at N+1 Singer
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “hold” rating reiterated by stock analysts at N+1 Singer in a research note issued to investors on Wednesday.
Other research analysts have also recently issued research reports about the company. TheStreet upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Maxim Group boosted their price target on Domino’s Pizza from $127.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, July 22nd. Nomura cut Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a research note on Wednesday, June 22nd. Citigroup Inc. boosted their price target on Domino’s Pizza from $137.00 to $159.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Finally, Beaufort Securities restated a “buy” rating on shares of Domino’s Pizza in a research note on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $141.88.
Shares of Domino’s Pizza (NYSE:DPZ) traded down 0.09% on Wednesday, reaching $152.24. The company’s stock had a trading volume of 583,077 shares. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 40.98 and a beta of 0.81. The company’s 50-day moving average is $151.06 and its 200 day moving average is $137.26. Domino’s Pizza has a 12-month low of $100.59 and a 12-month high of $155.10.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/dominos-pizzas-dpz-hold-rating-reaffirmed-at-n1-singer.html
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. The business earned $547.34 million during the quarter, compared to analysts’ expectations of $533.44 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities analysts anticipate that Domino’s Pizza will post $4.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s payout ratio is presently 40.86%.
In other Domino’s Pizza news, Director James A. Goldman sold 3,095 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $147.66, for a total transaction of $457,007.70. Following the sale, the director now directly owns 15,167 shares in the company, valued at $2,239,559.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the insider now owns 42,080 shares in the company, valued at $6,182,393.60. The disclosure for this sale can be found here. Corporate insiders own 5.03% of the company’s stock.
A number of large investors have recently modified their holdings of DPZ. Aperio Group LLC increased its stake in shares of Domino’s Pizza by 19.1% in the first quarter. Aperio Group LLC now owns 10,960 shares of the company’s stock worth $1,445,000 after buying an additional 1,760 shares during the period. BlackRock Inc. increased its stake in shares of Domino’s Pizza by 55.4% in the first quarter. BlackRock Inc. now owns 67,434 shares of the company’s stock worth $8,891,000 after buying an additional 24,035 shares during the period. BlackRock Group LTD increased its stake in shares of Domino’s Pizza by 56.5% in the first quarter. BlackRock Group LTD now owns 114,427 shares of the company’s stock worth $15,089,000 after buying an additional 41,334 shares during the period. BlackRock Japan Co. Ltd bought a new stake in shares of Domino’s Pizza during the first quarter worth about $111,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Domino’s Pizza by 260.3% in the first quarter. JPMorgan Chase & Co. now owns 178,269 shares of the company’s stock worth $23,507,000 after buying an additional 289,453 shares during the period. Institutional investors and hedge funds own 95.61% of the company’s stock.
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.
Receive News & Ratings for Domino's Pizza Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc. and related companies with MarketBeat.com's FREE daily email newsletter.