Domino’s Pizza Inc (DPZ) Earns Neutral Rating from Instinet
Instinet reissued their neutral rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research report report published on Wednesday. They currently have a $201.00 target price on the restaurant operator’s stock, up from their prior target price of $198.00.
A number of other equities research analysts have also recently issued reports on DPZ. Wells Fargo & Company reiterated a market perform rating and set a $210.00 target price (up previously from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Credit Suisse Group began coverage on shares of Domino’s Pizza in a research report on Wednesday. They set a neutral rating and a $200.00 target price for the company. Zacks Investment Research cut shares of Domino’s Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Stifel Nicolaus began coverage on shares of Domino’s Pizza in a research report on Monday, October 2nd. They set a buy rating and a $235.00 target price for the company. Finally, Maxim Group reiterated a hold rating and set a $200.00 target price on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $199.46.
Domino’s Pizza (DPZ) traded down 0.31% on Wednesday, reaching $205.39. 893,901 shares of the company’s stock were exchanged. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58. The firm has a 50-day moving average of $191.00 and a 200-day moving average of $195.55. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 40.82 and a beta of 0.36.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. The company had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities analysts expect that Domino’s Pizza will post $5.70 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, September 14th. Domino’s Pizza’s payout ratio is presently 36.65%.
Domino’s Pizza announced that its board has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pensionfund Sabic bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $1,529,000. Pensionfund DSM Netherlands bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $2,780,000. Navellier & Associates Inc boosted its stake in shares of Domino’s Pizza by 54.9% in the 2nd quarter. Navellier & Associates Inc now owns 45,879 shares of the restaurant operator’s stock valued at $9,705,000 after purchasing an additional 16,259 shares during the last quarter. Toronto Dominion Bank boosted its stake 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 valued at $125,000 after purchasing an additional 64 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $291,000. 94.22% of the stock is currently owned by institutional investors.
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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