Domino’s Pizza’s (DPZ) “Hold” Rating Reiterated at Maxim Group
Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “hold” rating reissued by analysts at Maxim Group in a note issued to investors on Tuesday. They currently have a $200.00 price target on the restaurant operator’s stock. Maxim Group’s price objective would suggest a potential upside of 2.24% from the company’s current price.
Several other brokerages also recently issued reports on DPZ. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet reiterated 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. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BTIG Research reiterated a “buy” rating and set a $233.00 price target (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $212.00 price target on shares of Domino’s Pizza in a report on Tuesday, July 18th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $196.64.
Domino’s Pizza (NYSE:DPZ) traded up 0.44% during midday trading on Tuesday, hitting $196.49. The stock had a trading volume of 539,789 shares. Domino’s Pizza has a 1-year low of $149.67 and a 1-year high of $221.58. The stock’s 50-day moving average is $188.18 and its 200-day moving average is $194.43. The stock has a market capitalization of $9.48 billion, a PE ratio of 39.05 and a beta of 0.36.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. Domino’s Pizza’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post $5.69 EPS for the current fiscal year.
Domino’s Pizza declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.
ILLEGAL ACTIVITY NOTICE: “Domino’s Pizza’s (DPZ) “Hold” Rating Reiterated at Maxim Group” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/19/dominos-pizzas-dpz-hold-rating-reiterated-at-maxim-group.html.
Several hedge funds and other institutional investors have recently modified their holdings of DPZ. IHT Wealth Management LLC lifted its position in shares of Domino’s Pizza by 19.5% during the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 93 shares during the last quarter. Commonwealth Bank of Australia lifted its position in shares of Domino’s Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 100 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Domino’s Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Domino’s Pizza during the 2nd quarter valued at $127,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Domino’s Pizza by 115.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 368 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with MarketBeat.com's FREE daily email newsletter.