FY2016 EPS Estimates for Domino’s Pizza Inc. (DPZ) Boosted by KeyCorp
Domino’s Pizza Inc. (NYSE:DPZ) – KeyCorp increased their FY2016 earnings per share estimates for shares of Domino’s Pizza in a research report issued on Tuesday. KeyCorp analyst C. O’cull now forecasts that the brokerage will post earnings per share of $4.31 for the year, up from their previous estimate of $4.17. KeyCorp also issued estimates for Domino’s Pizza’s Q1 2017 earnings at $1.18 EPS, Q2 2017 earnings at $1.22 EPS, Q3 2017 earnings at $1.14 EPS, FY2017 earnings at $5.25 EPS and FY2018 earnings at $6.30 EPS.
DPZ has been the topic of several other reports. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Monday. Maxim Group boosted their target price on shares of Domino’s Pizza from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Tuesday, October 4th. Bank of America Corp. upgraded shares of Domino’s Pizza from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $150.31 to $175.00 in a research report on Friday, October 14th. Peel Hunt restated a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 13th. Finally, Beaufort Securities restated a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.50.
Domino’s Pizza (NYSE:DPZ) traded up 2.76% during midday trading on Wednesday, reaching $163.85. 1,104,966 shares of the company traded hands. Domino’s Pizza has a 12 month low of $100.59 and a 12 month high of $164.15. The company’s 50-day moving average price is $151.48 and its 200 day moving average price is $137.95. The firm has a market capitalization of $7.91 billion, a PE ratio of 44.10 and a beta of 0.81.
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Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm earned $566.70 million during the quarter, compared to analysts’ expectations of $339.32 million. During the same period last year, the business earned $0.67 earnings per share. Domino’s Pizza’s revenue was up 16.9% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 40.86%.
In related news, Director James A. Goldman sold 3,095 shares of the stock in a transaction that occurred 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 completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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. Insiders own 5.03% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlackRock Japan Co. Ltd acquired a new stake in Domino’s Pizza during the first quarter worth about $111,000. Compagnie Lombard Odier SCmA increased its stake 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 during the period. O Shaughnessy Asset Management LLC increased its stake 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 during the period. Daiwa Securities Group Inc. acquired a new stake in Domino’s Pizza during the second quarter worth about $145,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Domino’s Pizza during the second quarter worth about $150,000. 95.55% of the stock is owned by hedge funds and other 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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