Analysts at Credit Suisse Group assumed coverage on shares of Domino’s Pizza Inc (NYSE:DPZ) in a report released on Wednesday. The brokerage set a “neutral” rating and a $200.00 price target on the restaurant operator’s stock. Credit Suisse Group’s price objective points to a potential downside of 1.39% from the stock’s previous close.

DPZ has been the subject of several other reports. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, August 28th. Longbow Research cut Domino’s Pizza from a “buy” rating to a “neutral” rating in a research report on Friday, June 9th. BidaskClub upgraded Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Instinet restated a “neutral” rating and issued a $198.00 target price (up from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Finally, Stephens raised 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, July 26th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus target price of $199.29.

Domino’s Pizza (NYSE DPZ) opened at 202.81 on Wednesday. The firm’s 50-day moving average price is $189.60 and its 200 day moving average price is $195.27. The firm has a market cap of $9.79 billion, a PE ratio of 40.30 and a beta of 0.36. Domino’s Pizza has a 52-week low of $149.67 and a 52-week high of $221.58.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same period in the previous year, the business posted $0.98 EPS. Domino’s Pizza’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Domino’s Pizza will post $5.69 earnings per share for the current year.

Domino’s Pizza declared that its board has initiated a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This piece was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/04/credit-suisse-group-initiates-coverage-on-dominos-pizza-inc-dpz.html.

A number of institutional investors have recently bought and sold shares of the business. Hutchens Investment Management Inc lifted its position in shares of Domino’s Pizza by 4.0% during the 4th quarter. Hutchens Investment Management Inc now owns 15,079 shares of the restaurant operator’s stock valued at $1,677,000 after acquiring an additional 579 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Domino’s Pizza by 0.8% in the 4th quarter. Retirement Systems of Alabama now owns 70,219 shares of the restaurant operator’s stock valued at $7,812,000 after purchasing an additional 577 shares during the period. California State Teachers Retirement System boosted its position in shares of Domino’s Pizza by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 102,265 shares of the restaurant operator’s stock valued at $11,377,000 after purchasing an additional 1,662 shares during the period. Sei Investments Co. boosted its position in shares of Domino’s Pizza by 2.3% in the 4th quarter. Sei Investments Co. now owns 39,472 shares of the restaurant operator’s stock valued at $4,391,000 after purchasing an additional 874 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Domino’s Pizza by 1.0% in the 4th quarter. Rhumbline Advisers now owns 94,293 shares of the restaurant operator’s stock valued at $10,490,000 after purchasing an additional 927 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Domino’s Pizza Company Profile

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.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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.