Domino’s Pizza Inc. (DPZ) Stock Rating Upgraded by Bank of America Corp.
Domino’s Pizza Inc. (NYSE:DPZ) was upgraded by equities research analysts at Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $175.00 price objective on the stock, up from their prior price objective of $150.31. Bank of America Corp.’s target price would suggest a potential upside of 16.43% from the company’s current price.
DPZ has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. Beaufort Securities reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. Maxim Group increased their price objective on Domino’s Pizza from $127.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, July 22nd. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Numis Securities Ltd reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $144.42.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 1.04% during mid-day trading on Friday, hitting $151.87. The company had a trading volume of 122,617 shares. The firm has a 50-day moving average price of $151.07 and a 200 day moving average price of $137.36. The firm has a market capitalization of $7.33 billion, a P/E ratio of 40.88 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.
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/2016/10/14/dominos-pizza-inc-dpz-rating-increased-to-buy-at-bank-of-america-corp.html
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The firm had revenue of $547.34 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.81 EPS. On average, equities research analysts forecast that Domino’s Pizza will post $4.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is 40.86%.
In other Domino’s Pizza 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 completion of the transaction, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Goldman sold 3,095 shares of the firm’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 transaction, the director now directly 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. Company insiders own 5.03% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Capital World Investors increased its stake in shares of Domino’s Pizza by 2.2% in the second quarter. Capital World Investors now owns 5,493,504 shares of the company’s stock worth $721,737,000 after buying an additional 119,188 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,611,585 shares of the company’s stock worth $474,489,000 after buying an additional 74,268 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Domino’s Pizza by 5.3% in the second quarter. BlackRock Fund Advisors now owns 1,785,461 shares of the company’s stock worth $234,574,000 after buying an additional 89,797 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Domino’s Pizza by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,593,162 shares of the company’s stock worth $209,310,000 after buying an additional 77,122 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Domino’s Pizza by 17.6% in the second quarter. State Street Corp now owns 1,583,984 shares of the company’s stock worth $208,104,000 after buying an additional 237,447 shares in the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.
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.