Nomura Reaffirms “Neutral” Rating for Domino’s Pizza Inc. (DPZ)
Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Nomura in a research report issued on Tuesday. They currently have a $148.00 price target on the stock, up from their prior price target of $145.00. Nomura’s price objective would indicate a potential downside of 2.64% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Monday. Bank of America Corp. raised shares of Domino’s Pizza from an “underperform” rating to a “buy” rating and increased their target price for the company from $150.31 to $175.00 in a research report on Friday. Beaufort Securities reissued a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 13th. Peel Hunt reissued a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 13th. Finally, N+1 Singer reissued a “hold” rating on shares of Domino’s Pizza in a research report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and an average price target of $145.73.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 6.98% on Tuesday, reaching $162.62. 2,507,725 shares of the company’s stock traded hands. The company’s 50-day moving average price is $151.21 and its 200 day moving average price is $137.76. The firm has a market cap of $7.85 billion, a P/E ratio of 43.77 and a beta of 0.81. Domino’s Pizza has a one year low of $100.59 and a one year high of $163.73.
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Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business earned $566.70 million during the quarter, compared to the consensus estimate of $339.32 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza will post $4.14 EPS 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 given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.86%.
In related news, Director James A. Goldman sold 3,095 shares of the stock in a transaction 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 transaction, the director now owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 42,080 shares in the company, valued at approximately $6,182,393.60. The disclosure for this sale can be found here. Insiders own 5.03% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DPZ. Wellington Management Group LLP raised its position in Domino’s Pizza by 13.3% in the first quarter. Wellington Management Group LLP now owns 102,874 shares of the company’s stock valued at $13,565,000 after buying an additional 12,092 shares in the last quarter. AXA acquired a new position in Domino’s Pizza during the first quarter valued at approximately $1,846,000. Quadrature Capital Ltd acquired a new position in Domino’s Pizza during the first quarter valued at approximately $617,000. Meeder Asset Management Inc. raised its position in 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 in the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in Domino’s Pizza during the first quarter valued at approximately $479,000. 95.55% 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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