Q3 2017 EPS Estimates for Domino’s Pizza Inc Reduced by Analyst (DPZ)
Domino’s Pizza Inc (NYSE:DPZ) – Equities researchers at Oppenheimer Holdings decreased their Q3 2017 earnings per share (EPS) estimates for Domino’s Pizza in a note issued to investors on Wednesday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will earn $1.15 per share for the quarter, down from their prior estimate of $1.20. Oppenheimer Holdings also issued estimates for Domino’s Pizza’s Q4 2017 earnings at $1.81 EPS, FY2017 earnings at $5.54 EPS and FY2018 earnings at $6.31 EPS.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share.
A number of other analysts have also weighed in on the stock. Longbow Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating in a research note on Friday. Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $210.00 to $185.00 in a research note on Wednesday. Sanford C. Bernstein restated a “market perform” rating and set a $215.00 price target on shares of Domino’s Pizza in a report on Tuesday. BidaskClub lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday. Finally, Instinet restated a “neutral” rating and set a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $194.40.
Shares of Domino’s Pizza (NYSE DPZ) opened at 182.43 on Friday. The stock’s 50 day moving average is $209.90 and its 200-day moving average is $191.55. Domino’s Pizza has a 52-week low of $143.47 and a 52-week high of $221.58. The firm has a market capitalization of $8.77 billion, a P/E ratio of 39.01 and a beta of 0.38.
Institutional investors have recently modified their holdings of the company. Lebenthal Lisanti Capital Growth LLC bought a new position in Domino’s Pizza during the second quarter valued at approximately $529,000. Spark Investment Management LLC boosted its stake in shares of Domino’s Pizza by 47.5% in the second quarter. Spark Investment Management LLC now owns 29,800 shares of the restaurant operator’s stock worth $6,303,000 after buying an additional 9,600 shares during the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of Domino’s Pizza during the second quarter worth about $216,000. Janney Montgomery Scott LLC boosted its stake in shares of Domino’s Pizza by 70.0% in the second quarter. Janney Montgomery Scott LLC now owns 7,749 shares of the restaurant operator’s stock worth $1,639,000 after buying an additional 3,190 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Domino’s Pizza during the second quarter worth about $1,237,000. Institutional investors and hedge funds own 98.91% 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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