Wells Fargo & Company reaffirmed their market perform rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research report released on Monday morning. They currently have a $210.00 price objective on the restaurant operator’s stock, up from their prior price objective of $204.00.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Domino’s Pizza from a strong-buy rating to a buy rating in a report on Tuesday, July 18th. Bank of America Corporation raised their target price on Domino’s Pizza from $210.00 to $235.00 and gave the company a buy rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Domino’s Pizza from a hold rating to a buy rating and set a $217.00 target price on the stock in a report on Thursday, August 10th. Longbow Research upgraded Domino’s Pizza from a neutral rating to a buy rating and set a $229.00 target price on the stock in a report on Friday, July 28th. Finally, Argus downgraded Domino’s Pizza from a buy rating to a hold rating and raised their target price for the company from $145.00 to $183.30 in a report on Friday, August 25th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $199.46.

Domino’s Pizza (NYSE:DPZ) opened at 206.02 on Monday. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58. The stock’s 50 day moving average price is $190.51 and its 200-day moving average price is $195.40. The firm has a market capitalization of $9.94 billion, a P/E ratio of 40.94 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million for the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, analysts forecast that Domino’s Pizza will post $5.70 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.46 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.89%. Domino’s Pizza’s payout ratio is 36.65%.

Domino’s Pizza declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 13.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC grew its position in shares of Domino’s Pizza by 19.5% in the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 93 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Domino’s Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 100 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Domino’s Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $127,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Domino’s Pizza by 115.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 94.22% 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.

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

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