Domino’s Pizza Inc. (DPZ) Earns “Neutral” Rating from Nomura
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “neutral” rating reissued by stock analysts at Nomura in a report released on Tuesday. They currently have a $148.00 price target on the stock, up from their previous price target of $145.00. Nomura’s price target would indicate a potential downside of 2.64% from the company’s current price.
A number of other brokerages have also weighed in on DPZ. Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. N+1 Singer reiterated a “hold” rating on shares of Domino’s Pizza in a report on Wednesday, October 12th. Peel Hunt reiterated a “buy” rating on shares of Domino’s Pizza in a report on Thursday, October 13th. Maxim Group lifted their price target on Domino’s Pizza from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Tuesday, October 4th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Domino’s Pizza in a report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $145.73.
Domino’s Pizza (NYSE:DPZ) traded up 6.60% during midday trading on Tuesday, reaching $162.05. 2,559,450 shares of the company were exchanged. The stock has a market capitalization of $7.82 billion, a P/E ratio of 43.62 and a beta of 0.81. The firm’s 50 day moving average price is $151.21 and its 200-day moving average price is $137.76. Domino’s Pizza has a 52 week low of $100.59 and a 52 week high of $163.73.
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Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The firm had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $339.32 million. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Goldman sold 3,095 shares of the stock in a transaction dated 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 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.
Large investors have recently made changes to their positions in the stock. Capital Fund Management S.A. increased its stake in shares of Domino’s Pizza by 717.7% in the second quarter. Capital Fund Management S.A. now owns 77,808 shares of the company’s stock valued at $10,222,000 after buying an additional 68,292 shares during the last quarter. BlackRock Group LTD increased its stake in Domino’s Pizza by 56.5% in the first quarter. BlackRock Group LTD now owns 114,427 shares of the company’s stock worth $15,089,000 after buying an additional 41,334 shares in the last quarter. Aperio Group LLC increased its stake in Domino’s Pizza by 19.1% in the first quarter. Aperio Group LLC now owns 10,960 shares of the company’s stock worth $1,445,000 after buying an additional 1,760 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Domino’s Pizza during the first quarter worth approximately $820,000. Finally, LPL Financial LLC increased its stake in Domino’s Pizza by 25.8% in the first quarter. LPL Financial LLC now owns 10,052 shares of the company’s stock worth $1,330,000 after buying an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 95.55% 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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