Beaufort Securities Reiterates “Buy” Rating for Domino’s Pizza Inc. (DPZ)
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “buy” rating reissued by equities research analysts at Beaufort Securities in a note issued to investors on Thursday.
A number of other equities research analysts have also issued reports on the stock. Peel Hunt reissued a “buy” rating on shares of Domino’s Pizza in a report on Thursday. N+1 Singer reissued a “hold” rating on shares of Domino’s Pizza in a report on Wednesday. Maxim Group raised their price target on shares of Domino’s Pizza from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Tuesday, October 4th. Zacks Investment Research raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Citigroup Inc. raised their price target on shares of Domino’s Pizza from $137.00 to $159.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $141.88.
Shares of Domino’s Pizza (NYSE:DPZ) traded down 1.27% during trading on Thursday, hitting $150.31. 495,047 shares of the stock traded hands. The company has a 50 day moving average price of $151.07 and a 200 day moving average price of $137.36. Domino’s Pizza has a 12 month low of $100.59 and a 12 month high of $155.10. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 40.46 and a beta of 0.81.
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Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 21st. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The company had revenue of $547.34 million for the quarter, compared to analysts’ expectations of $533.44 million. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. Analysts anticipate that Domino’s Pizza will post $4.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. Domino’s Pizza’s payout ratio is 40.86%.
In related news, Director James A. Goldman sold 3,095 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $147.66, for a total transaction of $457,007.70. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the business’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 transaction of $2,938,400.00. Following the sale, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The disclosure for this sale can be found here. Insiders own 5.03% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. AXA acquired a new stake in shares of Domino’s Pizza during the first quarter valued at about $1,846,000. Quadrature Capital Ltd acquired a new stake in shares of Domino’s Pizza during the first quarter valued at about $617,000. Meeder Asset Management Inc. raised its stake in shares of Domino’s Pizza by 75.0% in the first quarter. Meeder Asset Management Inc. now owns 2,373 shares of the company’s stock valued at $313,000 after buying an additional 1,017 shares during the period. Rafferty Asset Management LLC acquired a new stake in shares of Domino’s Pizza during the first quarter valued at about $479,000. Finally, Cupps Capital Management LLC acquired a new stake in shares of Domino’s Pizza during the first quarter valued at about $2,399,000. 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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