Domino’s Pizza’s (DPZ) Buy Rating Reiterated at Peel Hunt
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued to clients and investors on Thursday.
Other research analysts have also recently issued reports about the company. Numis Securities Ltd reissued a “buy” rating on shares of Domino’s Pizza in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $139.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 19th. TheStreet raised Domino’s Pizza from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, July 26th. 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, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $141.88.
Shares of Domino’s Pizza (NYSE:DPZ) traded down 1.33% during mid-day trading on Thursday, hitting $150.21. The stock had a trading volume of 188,866 shares. The stock has a market capitalization of $7.25 billion, a P/E ratio of 40.43 and a beta of 0.81. The stock has a 50 day moving average of $151.06 and a 200-day moving average of $137.26. Domino’s Pizza has a 52 week low of $100.59 and a 52 week high of $155.10.
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Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.98 EPS for the quarter, beating 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 firm earned $547.34 million during the quarter, compared to analysts’ expectations of $533.44 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza will post $4.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 42,080 shares of the company’s stock, valued at approximately $6,182,393.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were 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 in the company, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. 5.03% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in DPZ. BlackRock Japan Co. Ltd purchased a new stake in Domino’s Pizza during the first quarter valued at $111,000. Compagnie Lombard Odier SCmA raised its position in shares of Domino’s Pizza by 850.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 950 shares of the company’s stock valued at $125,000 after buying an additional 850 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of 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 valued at $141,000 after buying an additional 873 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Domino’s Pizza during the second quarter valued at about $145,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of Domino’s Pizza during the second quarter valued at about $150,000. 95.61% of the stock is currently owned by 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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