Domino’s Pizza Inc. (DPZ) Receives “Buy” Rating from Peel Hunt
Several other brokerages also recently weighed in on DPZ. Citigroup Inc. upped their target price on shares of Domino’s Pizza from $137.00 to $159.00 and gave the stock a neutral rating in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. reissued a buy rating and issued a $139.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 19th. Zacks Investment Research raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $165.00 price objective on the stock in a research report on Tuesday, July 26th. Numis Securities Ltd reissued a buy rating on shares of Domino’s Pizza in a research report on Wednesday, July 20th. Finally, 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 research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Domino’s Pizza presently has a consensus rating of Hold and an average price target of $144.42.
Shares of Domino’s Pizza (NYSE:DPZ) traded up 0.516% during trading on Thursday, reaching $151.085. 481,013 shares of the company traded hands. The firm’s 50 day moving average price is $151.08 and its 200-day moving average price is $137.36. Domino’s Pizza has a 52 week low of $100.59 and a 52 week high of $155.10. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 40.669 and a beta of 0.81.
Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, topping the 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 the consensus estimate of $533.44 million. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. Domino’s Pizza’s dividend payout ratio is presently 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the insider now directly owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $147.66, for a total transaction of $457,007.70. Following the completion of the sale, the director now directly owns 15,167 shares in the company, valued at $2,239,559.22. The disclosure for this sale can be found here. 5.03% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd acquired a new position in shares of Domino’s Pizza during the first quarter worth $111,000. Compagnie Lombard Odier SCmA boosted its position in shares of Domino’s Pizza by 850.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 950 shares of the company’s stock worth $125,000 after buying an additional 850 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Domino’s Pizza by 430.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,076 shares of the company’s stock worth $141,000 after buying an additional 873 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Domino’s Pizza during the second quarter worth $145,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of Domino’s Pizza during the second quarter worth $150,000. 95.61% 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. 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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