Domino’s Pizza Inc. (DPZ) PT Raised to $158.00 at Maxim Group
Domino’s Pizza Inc. (NYSE:DPZ) had its price target boosted by research analysts at Maxim Group from $135.00 to $158.00 in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Maxim Group’s price target indicates a potential upside of 4.24% from the stock’s current price.
A number of other analysts also recently issued reports on DPZ. TheStreet upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Nomura downgraded shares of Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a report on Wednesday, June 22nd. Citigroup Inc. lifted their price objective on shares of Domino’s Pizza from $137.00 to $159.00 and gave the company a “neutral” rating in a report on Tuesday, September 13th. Beaufort Securities reiterated a “buy” rating on shares of Domino’s Pizza in a report on Sunday, July 31st. Finally, Zacks Investment Research upgraded shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $141.88.
Domino’s Pizza (NYSE:DPZ) opened at 151.58 on Tuesday. Domino’s Pizza has a 52 week low of $100.56 and a 52 week high of $155.10. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 40.80 and a beta of 0.81. The stock’s 50 day moving average is $150.10 and its 200 day moving average is $136.28.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The firm had revenue of $547.34 million for the quarter, compared to analyst estimates of $533.44 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Equities research analysts expect that Domino’s Pizza will post $4.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.38 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. Domino’s Pizza’s payout ratio is presently 40.86%.
In other news, Director James A. Goldman sold 3,095 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $147.66, for a total value of $457,007.70. Following the completion of the sale, the director now owns 15,167 shares of the company’s stock, valued at $2,239,559.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the sale, the insider now directly owns 42,080 shares of the company’s stock, valued at approximately $6,182,393.60. The disclosure for this sale can be found here. 5.03% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DPZ. Acadian Asset Management LLC boosted its stake in Domino’s Pizza by 98.4% in the first quarter. Acadian Asset Management LLC now owns 3,163 shares of the company’s stock valued at $417,000 after buying an additional 1,569 shares in the last quarter. Aperio Group LLC boosted its stake in Domino’s Pizza by 19.1% in the first quarter. Aperio Group LLC now owns 10,960 shares of the company’s stock valued at $1,445,000 after buying an additional 1,760 shares in the last quarter. Virginia Retirement System purchased a new stake in Domino’s Pizza during the first quarter valued at $1,424,000. CIBC World Markets Inc. purchased a new stake in Domino’s Pizza during the first quarter valued at $496,000. Finally, BlackRock Inc. boosted its stake in Domino’s Pizza by 55.4% in the first quarter. BlackRock Inc. now owns 67,434 shares of the company’s stock valued at $8,891,000 after buying an additional 24,035 shares in the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.
About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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