Domino’s Pizza Inc. (DPZ) Given a $195.00 Price Target by BTIG Research Analysts
Domino’s Pizza Inc. (NYSE:DPZ) has been given a $195.00 price objective by investment analysts at BTIG Research in a research note issued on Wednesday. The firm currently has a a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 18.17% from the company’s current price.
Several other analysts have also recently issued reports on DPZ. Jefferies Group restated a “neutral” rating on shares of Domino’s Pizza in a research report on Wednesday. TheStreet upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Maxim Group upped their target price on shares of Domino’s Pizza from $127.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, July 22nd. Nomura downgraded shares of Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 price target on the stock. in a report on Wednesday, June 22nd. Finally, Citigroup Inc. upped their price target on shares of Domino’s Pizza from $137.00 to $159.00 and gave the company a “neutral” rating in a report on Tuesday, September 13th. One 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $150.50.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 3.49% during mid-day trading on Wednesday, reaching $165.02. 2,135,175 shares of the company’s stock traded hands. Domino’s Pizza has a 12-month low of $100.59 and a 12-month high of $165.04. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 44.42 and a beta of 0.81. The stock has a 50-day moving average price of $151.54 and a 200 day moving average price of $137.95.
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Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $339.32 million. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Analysts anticipate that Domino’s Pizza will post $4.14 EPS for the current fiscal 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 dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.92%. 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 shares were sold at an average price of $146.92, for a total value 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 filing with the SEC, which is available at 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 transaction of $457,007.70. Following the completion of 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. Corporate insiders own 5.03% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. BlackRock Japan Co. Ltd bought a new position in Domino’s Pizza during the first quarter worth about $111,000. Compagnie Lombard Odier SCmA boosted its position in Domino’s Pizza by 850.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 950 shares of the company’s stock worth $125,000 after buying an additional 850 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Domino’s Pizza by 430.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,076 shares of the company’s stock worth $141,000 after buying an additional 873 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Domino’s Pizza during the second quarter worth about $145,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Domino’s Pizza during the second quarter worth about $150,000. 95.55% of the stock is owned by institutional investors and hedge funds.
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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