Nomura Boosts Domino’s Pizza Inc. (DPZ) Price Target to $152.00
Domino’s Pizza Inc. (NYSE:DPZ) had its price target lifted by equities researchers at Nomura to $152.00 in a research report issued on Wednesday. Nomura’s price target suggests a potential downside of 4.67% from the company’s current price.
Several other analysts also recently issued reports on DPZ. BTIG Research increased their price objective on shares of Domino’s Pizza from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Group reissued a “neutral” rating on shares of Domino’s Pizza in a research report on Wednesday. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $169.00 price target 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 raised their price target for the stock from $150.31 to $175.00 in a research report on Friday, October 14th. Finally, Beaufort Securities restated a “buy” rating on shares of Domino’s Pizza in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.50.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 2.50% on Wednesday, reaching $163.43. 680,594 shares of the company were exchanged. The company has a 50-day moving average price of $151.48 and a 200 day moving average price of $137.95. The stock has a market capitalization of $7.89 billion, a PE ratio of 43.99 and a beta of 0.81. Domino’s Pizza has a 1-year low of $100.59 and a 1-year high of $163.79.
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Domino’s Pizza (NYSE:DPZ) last posted its earnings results 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. The firm earned $566.70 million during the quarter, compared to the consensus estimate of $339.32 million. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, analysts forecast 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 paid a $0.38 dividend. 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 0.95%. Domino’s Pizza’s dividend payout ratio is currently 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 dated 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 completion of the sale, the insider now directly owns 42,080 shares in the company, valued at approximately $6,182,393.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Goldman sold 3,095 shares of the firm’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 sale, the director now owns 15,167 shares of the company’s stock, valued at $2,239,559.22. The disclosure for this sale can be found here. 5.03% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Domino’s Pizza during the third quarter worth approximately $714,000. Creative Planning raised its stake in shares of Domino’s Pizza by 2.7% in the third quarter. Creative Planning now owns 1,420 shares of the company’s stock worth $216,000 after buying an additional 38 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Domino’s Pizza by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,480,266 shares of the company’s stock worth $224,778,000 after buying an additional 4,953 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Domino’s Pizza by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,436 shares of the company’s stock worth $2,648,000 after buying an additional 346 shares during the last quarter. Finally, Dorsey Wright & Associates raised its stake in shares of Domino’s Pizza by 2.7% in the third quarter. Dorsey Wright & Associates now owns 5,723 shares of the company’s stock worth $869,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors 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.
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