Domino’s Pizza Inc. (DPZ) Price Target Raised to $162.00
Domino’s Pizza Inc. (NYSE:DPZ) had its target price hoisted by research analysts at Maxim Group from $158.00 to $162.00 in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Maxim Group’s target price points to a potential upside of 1.60% from the stock’s previous close.
Several other research firms also recently weighed in on DPZ. Jefferies Group reissued a “neutral” rating on shares of Domino’s Pizza in a report on Wednesday. BTIG Research raised their price objective on Domino’s Pizza from $164.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday. Nomura raised their price objective on Domino’s Pizza to $152.00 in a report on Wednesday. Zacks Investment Research raised Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, N+1 Singer reissued a “hold” rating on shares of Domino’s Pizza in a report on Wednesday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.50.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 1.11% during mid-day trading on Wednesday, hitting $161.22. The stock had a trading volume of 252,147 shares. The stock has a 50 day moving average of $151.48 and a 200-day moving average of $137.95. The stock has a market capitalization of $7.78 billion, a P/E ratio of 43.40 and a beta of 0.81. Domino’s Pizza has a 52 week low of $100.59 and a 52 week high of $163.73.
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/2016/10/19/dominos-pizza-inc-dpz-price-target-raised-to-162-00.html
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, October 18th. The company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm had revenue of $566.70 million for the quarter, compared to the consensus estimate of $339.32 million. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was up 16.9% 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 company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is 40.86%.
In related news, Director James A. Goldman sold 3,095 shares of the business’s 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 completion of the sale, the director now directly owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard E. Allison, Jr. sold 20,000 shares of Domino’s Pizza stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the transaction, the insider now owns 42,080 shares of the company’s stock, valued at approximately $6,182,393.60. The disclosure for this sale can be found here. 5.03% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in Domino’s Pizza by 99.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 934,550 shares of the company’s stock worth $122,781,000 after buying an additional 466,552 shares during the period. JPMorgan Chase & Co. increased its position in Domino’s Pizza by 260.3% in the first quarter. JPMorgan Chase & Co. now owns 178,269 shares of the company’s stock worth $23,507,000 after buying an additional 289,453 shares during the period. State Street Corp increased its position in 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 during the period. American Century Companies Inc. bought a new position in Domino’s Pizza during the second quarter worth about $11,807,000. Finally, Marshall Wace LLP increased its position in Domino’s Pizza by 47.9% in the second quarter. Marshall Wace LLP now owns 664,931 shares of the company’s stock worth $87,359,000 after buying an additional 215,412 shares during the period. Institutional investors and hedge funds own 95.55% 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.
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.