Domino’s Pizza’s (DPZ) “Hold” Rating Reaffirmed at UBS Group
UBS Group reissued their hold rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Wednesday morning, www.analystratings.com reports.
Several other equities research analysts have also issued reports on the stock. Citigroup decreased their price target on shares of Domino’s Pizza from $298.00 to $293.00 and set a neutral rating on the stock in a report on Monday, October 22nd. Mizuho set a $300.00 price target on shares of Domino’s Pizza and gave the company a buy rating in a report on Wednesday, October 17th. Maxim Group raised shares of Domino’s Pizza from a hold rating to a buy rating and lifted their price target for the company from $305.00 to $310.00 in a report on Wednesday, October 17th. Wells Fargo & Co lifted their price target on shares of Domino’s Pizza from $255.00 to $260.00 and gave the company a market perform rating in a report on Monday, October 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Domino’s Pizza from a sell rating to a hold rating in a report on Wednesday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $274.30.
DPZ stock traded up $1.20 during mid-day trading on Wednesday, hitting $274.35. The stock had a trading volume of 402,615 shares, compared to its average volume of 758,843. Domino’s Pizza has a 52 week low of $168.56 and a 52 week high of $305.34. The firm has a market cap of $11.29 billion, a P/E ratio of 51.38, a P/E/G ratio of 1.88 and a beta of 0.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.20 annualized dividend and a yield of 0.80%. Domino’s Pizza’s dividend payout ratio is presently 41.20%.
In related news, insider J Patrick Doyle sold 25,600 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $301.15, for a total transaction of $7,709,440.00. Following the sale, the insider now directly owns 49,670 shares in the company, valued at approximately $14,958,120.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Russell J. Weiner sold 4,404 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the sale, the chief operating officer now owns 13,738 shares in the company, valued at $4,037,323.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,004 shares of company stock worth $11,956,888. 3.97% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Redpoint Investment Management Pty Ltd lifted its position in shares of Domino’s Pizza by 2.8% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 9,910 shares of the restaurant operator’s stock worth $2,796,000 after purchasing an additional 272 shares during the period. Roosevelt Investment Group Inc. acquired a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $215,000. Morgan Stanley lifted its position in shares of Domino’s Pizza by 36.3% in the 2nd quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock worth $81,849,000 after purchasing an additional 77,244 shares during the period. Sawtooth Solutions LLC acquired a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $227,000. Finally, BP PLC lifted its position in shares of Domino’s Pizza by 166.7% in the 3rd quarter. BP PLC now owns 16,000 shares of the restaurant operator’s stock worth $4,717,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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