Instinet Reaffirms “Neutral” Rating for Domino’s Pizza Inc (DPZ)
Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “neutral” rating reissued by stock analysts at Instinet in a research report issued to clients and investors on Saturday. They currently have a $198.00 price target on the restaurant operator’s stock, up from their previous price target of $196.00. Instinet’s target price suggests a potential downside of 7.14% from the stock’s previous close.
A number of other research analysts have also recently commented on DPZ. BidaskClub cut shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $212.00 target price on shares of Domino’s Pizza in a research report on Tuesday. Zacks Investment Research cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BTIG Research reaffirmed a “buy” rating and issued a $233.00 target price (up previously from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $185.00 target price (up previously from $180.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $192.93.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 0.37% during midday trading on Friday, reaching $213.22. 542,660 shares of the company were exchanged. The firm has a market capitalization of $10.25 billion, a P/E ratio of 45.59 and a beta of 0.38. The firm has a 50-day moving average of $212.70 and a 200 day moving average of $190.47. Domino’s Pizza has a 52 week low of $143.47 and a 52 week high of $221.58.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, April 27th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.10. Domino’s Pizza had a net margin of 9.06% and a negative return on equity of 12.21%. The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $615.66 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Domino’s Pizza’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Domino’s Pizza will post $5.46 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Domino’s Pizza during the first quarter worth $1,181,000. State of Wisconsin Investment Board raised its stake in Domino’s Pizza by 17.4% in the first quarter. State of Wisconsin Investment Board now owns 32,021 shares of the restaurant operator’s stock worth $5,901,000 after buying an additional 4,738 shares during the last quarter. Turner Investments LLC purchased a new stake in Domino’s Pizza during the first quarter worth $1,491,000. Envestnet Asset Management Inc. purchased a new stake in Domino’s Pizza during the fourth quarter worth $151,000. Finally, Creative Planning raised its stake in Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 99.47% of the company’s stock.
About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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