Beaufort Securities Reaffirms “Buy” Rating for Domino’s Pizza Inc. (DPZ)
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “buy” rating reiterated by investment analysts at Beaufort Securities in a research note issued to investors on Thursday.
DPZ has been the subject of several other research reports. Zacks Investment Research raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Jefferies Group upped their target price on shares of Domino’s Pizza from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, July 22nd. Maxim Group upped their target price on shares of Domino’s Pizza from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Tuesday, October 4th. TheStreet raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Vetr downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating and set a $133.50 target price for the company. in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Domino’s Pizza currently has a consensus rating of “Hold” and an average price target of $141.88.
Domino’s Pizza (NYSE:DPZ) traded down 1.27% during midday trading on Thursday, hitting $150.31. 495,047 shares of the company traded hands. The firm has a market capitalization of $7.25 billion, a PE ratio of 40.46 and a beta of 0.81. Domino’s Pizza has a 12-month low of $100.59 and a 12-month high of $155.10. The stock’s 50-day moving average is $151.07 and its 200-day moving average is $137.36.
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Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.04. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The business had revenue of $547.34 million for the quarter, compared to analyst estimates of $533.44 million. During the same period in the prior year, the business posted $0.81 earnings per share. Domino’s Pizza’s revenue was up 12.0% compared to the same quarter last year. Analysts anticipate that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 40.86%.
In other news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were 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 in the company, valued at approximately $6,182,393.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction dated 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 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. 5.03% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Japan Co. Ltd bought a new stake in Domino’s Pizza during the first quarter worth about $111,000. Compagnie Lombard Odier SCmA boosted its stake in Domino’s Pizza by 850.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 950 shares of the company’s stock worth $125,000 after buying an additional 850 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Domino’s Pizza by 430.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,076 shares of the company’s stock worth $141,000 after buying an additional 873 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Domino’s Pizza during the second quarter worth about $145,000. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in Domino’s Pizza during the second quarter worth about $150,000. Institutional investors 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.
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