Peel Hunt Reiterates Buy Rating for Domino’s Pizza Inc. (DPZ)
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued on Thursday.
Other equities analysts have also recently issued research reports about the company. Maxim Group lifted their price objective on Domino’s Pizza from $127.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, July 22nd. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. N+1 Singer restated a “hold” rating on shares of Domino’s Pizza in a research note on Wednesday. Numis Securities Ltd restated a “buy” rating on shares of Domino’s Pizza in a research note on Wednesday, July 20th. Finally, Nomura cut Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Wednesday, June 22nd. 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’s stock. The company presently has an average rating of “Hold” and an average target price of $141.88.
Domino’s Pizza (NYSE:DPZ) traded down 1.284% during trading on Thursday, hitting $150.285. 133,866 shares of the stock traded hands. The company’s 50 day moving average price is $151.06 and its 200 day moving average price is $137.26. Domino’s Pizza has a 12 month low of $100.59 and a 12 month high of $155.10. The company has a market cap of $7.25 billion, a P/E ratio of 40.454 and a beta of 0.81.
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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 (EPS) for the quarter, beating the 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. On average, equities research analysts anticipate that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued 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 dividend payout ratio is presently 40.86%.
In other Domino’s Pizza news, insider Richard E. Allison, Jr. sold 20,000 shares of the business’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 directly owns 42,080 shares in the company, valued at $6,182,393.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James A. Goldman sold 3,095 shares of the business’s stock in a transaction on 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 owns 15,167 shares in the company, valued at $2,239,559.22. The disclosure for this sale can be found here. Corporate insiders own 5.03% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. 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 shares of Domino’s Pizza by 2.7% in the third quarter. Creative Planning now owns 1,420 shares of the company’s stock valued at $216,000 after buying an additional 38 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of 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 valued at $224,778,000 after buying an additional 4,953 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of 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 valued at $2,648,000 after buying an additional 346 shares in the last quarter. Finally, Dorsey Wright & Associates increased its stake in shares of Domino’s Pizza by 2.7% in the third quarter. Dorsey Wright & Associates now owns 5,723 shares of the company’s stock valued at $869,000 after buying an additional 152 shares in the last quarter. Institutional investors own 95.61% of the company’s stock.
About Domino’s Pizza
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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