Oppenheimer Holdings Comments on Domino’s Pizza Inc’s Q3 2017 Earnings (DPZ)
Domino’s Pizza Inc (NYSE:DPZ) – Analysts at Oppenheimer Holdings raised their Q3 2017 earnings per share (EPS) estimates for shares of Domino’s Pizza in a research report issued on Tuesday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will earn $1.22 per share for the quarter, up from their prior estimate of $1.15. Oppenheimer Holdings also issued estimates for Domino’s Pizza’s Q4 2017 earnings at $2.01 EPS, FY2017 earnings at $5.76 EPS and FY2018 earnings at $6.90 EPS.
DPZ has been the subject of a number of other reports. Maxim Group increased their target price on Domino’s Pizza from $186.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, June 1st. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. OTR Global reissued a “positive” rating on shares of Domino’s Pizza in a research note on Saturday, April 22nd. Jefferies Group LLC reissued a “hold” rating and set a $180.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 12th. Finally, BTIG Research reissued a “buy” rating and set a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a research note on Thursday, June 1st. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $196.56.
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Shares of Domino’s Pizza (NYSE:DPZ) opened at 193.83 on Thursday. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 38.52 and a beta of 0.35. Domino’s Pizza has a one year low of $143.47 and a one year high of $221.58. The firm has a 50-day moving average price of $204.95 and a 200 day moving average price of $193.17.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the 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 company had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. During the same period last year, the company earned $0.98 earnings per share. Domino’s Pizza’s quarterly revenue was up 14.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.
Domino’s Pizza announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock worth $985,052,000 after buying an additional 5,125,632 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock worth $322,614,000 after buying an additional 1,458,667 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Domino’s Pizza during the second quarter worth approximately $113,818,000. Renaissance Technologies LLC boosted its stake in shares of Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock worth $392,688,000 after buying an additional 517,200 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Domino’s Pizza by 680.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 532,689 shares of the restaurant operator’s stock worth $112,679,000 after buying an additional 464,468 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.
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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