Maxim Group Increases Domino’s Pizza Inc. (DPZ) Price Target to $162.00
Domino’s Pizza Inc. (NYSE:DPZ) had its price objective boosted by investment analysts at Maxim Group from $158.00 to $162.00 in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Maxim Group’s price objective indicates a potential upside of 1.60% from the company’s previous close.
DPZ has been the subject of a number of other research reports. Jefferies Group upped their price objective on Domino’s Pizza from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, July 22nd. Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Beaufort Securities reiterated a “buy” rating on shares of Domino’s Pizza in a report on Thursday, October 13th. TheStreet upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Finally, Vetr downgraded Domino’s Pizza from a “buy” rating to a “hold” rating and set a $133.50 price objective for the company. in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $150.50.
Shares of Domino’s Pizza (NYSE:DPZ) opened at 159.45 on Wednesday. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 42.92 and a beta of 0.81. The stock’s 50 day moving average price is $151.48 and its 200 day moving average price is $137.95. 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 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. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The business had revenue of $566.70 million for the quarter, compared to analyst estimates of $339.32 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Analysts expect that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.86%.
In other news, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction that occurred on 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 $2,239,559.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The disclosure for this sale can be found here. Corporate insiders own 5.03% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake 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 last quarter. JPMorgan Chase & Co. boosted its stake 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 last quarter. State Street Corp boosted its stake 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 last quarter. American Century Companies Inc. acquired a new stake in Domino’s Pizza during the second quarter worth about $11,807,000. Finally, Marshall Wace LLP boosted its stake 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 last quarter. 95.55% of the stock is owned by institutional investors.
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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