Domino's Pizza (DPZ) Stock Rating Upgraded by Argus
Argus upgraded shares of Domino's Pizza (NYSE:DPZ) from a hold rating to a buy rating in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have $260.00 target price on the restaurant operator’s stock, up from their previous target price of $221.44.
DPZ has been the topic of a number of other research reports. Oppenheimer lifted their target price on Domino's Pizza from $220.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, February 14th. Nomura boosted their price target on Domino's Pizza to $230.00 and gave the stock a buy rating in a report on Thursday, January 11th. Credit Suisse Group upgraded Domino's Pizza from a neutral rating to an outperform rating and set a $205.00 price target on the stock in a report on Thursday, January 4th. They noted that the move was a valuation call. Citigroup boosted their price target on Domino's Pizza from $217.00 to $232.00 and gave the stock a neutral rating in a report on Monday, February 26th. Finally, Maxim Group restated a buy rating and set a $240.00 price target on shares of Domino's Pizza in a report on Friday, December 22nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $232.00.
Domino's Pizza (DPZ) opened at $230.26 on Wednesday. Domino's Pizza has a 12-month low of $166.74 and a 12-month high of $236.00. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. The stock has a market capitalization of $9,905.33, a PE ratio of 39.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.55 dividend. This is a positive change from Domino's Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, March 14th. Domino's Pizza’s payout ratio is currently 31.45%.
Domino's Pizza declared that its board has approved a share buyback program on Tuesday, February 20th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $184.87, for a total value of $3,142,790.00. Following the transaction, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.57% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Balentine LLC lifted its stake in shares of Domino's Pizza by 2,916.7% in the fourth quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock worth $137,000 after acquiring an additional 700 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Domino's Pizza in the fourth quarter worth approximately $145,000. FNY Partners Fund LP acquired a new position in shares of Domino's Pizza in the third quarter worth approximately $158,000. Acadian Asset Management LLC lifted its stake in shares of Domino's Pizza by 3,482.1% in the fourth quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock worth $190,000 after acquiring an additional 975 shares during the period. Finally, Synovus Financial Corp acquired a new position in shares of Domino's Pizza in the third quarter worth approximately $206,000. 94.20% of the stock is currently owned by institutional investors.
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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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