Oppenheimer Analysts Boost Earnings Estimates for Domino's Pizza, Inc. (DPZ)

Domino's Pizza, Inc. (NYSE:DPZ) – Equities research analysts at Oppenheimer increased their Q1 2018 EPS estimates for Domino's Pizza in a research note issued to investors on Wednesday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $1.74 for the quarter, up from their previous forecast of $1.71. Oppenheimer has a “Outperform” rating and a $230.00 price objective on the stock. Oppenheimer also issued estimates for Domino's Pizza’s Q4 2018 earnings at $2.60 EPS, FY2018 earnings at $7.78 EPS and FY2019 earnings at $9.19 EPS.

DPZ has been the topic of a number of other research reports. Zacks Investment Research cut shares of Domino's Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Maxim Group reissued a “buy” rating and issued a $240.00 price target on shares of Domino's Pizza in a research note on Friday, December 22nd. Nomura raised shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price target on the stock in a research note on Wednesday, November 29th. Deutsche Bank initiated coverage on shares of Domino's Pizza in a research note on Monday, December 18th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Credit Suisse Group raised shares of Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price target on the stock in a research note on Thursday, January 4th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $219.91.

Shares of Domino's Pizza (NYSE DPZ) opened at $209.78 on Thursday. The company has a market cap of $9,170.00, a P/E ratio of 39.96, a PEG ratio of 1.72 and a beta of 0.45. Domino's Pizza has a one year low of $166.74 and a one year high of $221.91. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49.

In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the sale, the chief financial officer now owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.57% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Viking Global Investors LP grew its position in shares of Domino's Pizza by 473.7% during the fourth quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock worth $388,968,000 after buying an additional 1,699,678 shares in the last quarter. Jackson Square Partners LLC grew its position in shares of Domino's Pizza by 821.9% during the fourth quarter. Jackson Square Partners LLC now owns 347,558 shares of the restaurant operator’s stock worth $65,674,000 after buying an additional 309,857 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Domino's Pizza by 64.1% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock worth $148,073,000 after buying an additional 306,003 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Domino's Pizza during the third quarter worth about $32,236,000. Finally, Legal & General Group Plc grew its position in shares of Domino's Pizza by 234.0% during the third quarter. Legal & General Group Plc now owns 225,343 shares of the restaurant operator’s stock worth $44,741,000 after buying an additional 157,874 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors.

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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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