According to Zacks, “Domino's Pizza’s revenues have surpassed the Zacks Consensus Estimate in six of the last seven quarters. Moreover, the second quarter of 2016 marked the 21st consecutive quarter of positive same-store-sales domestically and 90th quarter of positive comps in the international segment. The company has mixed record of earnings surprises in recent quarters and estimates have been stable lately ahead of the company’s Q3 earnings release. Going forward, the company’s digital ordering system, focus on re-imaging and other sales initiatives are expected to help sustain the momentum. Further, the company’s solid brand positioning will thus help boost sales in the upcoming quarters. However, higher labor costs and expenses related to sales initiatives are likely to dent margins. Moreover, despite the weakening of the U.S. dollar in the first half of 2016 compared to the prior year, currency headwinds are expected to hurt results.”
Several other equities analysts have also weighed in on the stock. Citigroup Inc. boosted their target price on shares of Domino’s Pizza from $137.00 to $159.00 and gave the company a neutral rating in a report on Tuesday, September 13th. Jefferies Group reiterated a hold rating on shares of Domino’s Pizza in a report on Thursday, August 4th. Beaufort Securities reiterated a buy rating on shares of Domino’s Pizza in a report on Sunday, July 31st. TheStreet upgraded shares of Domino’s Pizza from a hold rating to a buy rating in a report on Monday, July 25th. Finally, Maxim Group upped their price objective on shares of Domino’s Pizza from $127.00 to $135.00 and gave the stock a hold rating in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Domino’s Pizza has an average rating of Hold and an average price target of $139.96.
Shares of Domino’s Pizza (NYSE:DPZ) opened at 151.85 on Tuesday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 40.87 and a beta of 0.81. The firm has a 50-day moving average of $149.95 and a 200 day moving average of $136.07. Domino’s Pizza has a 52 week low of $100.56 and a 52 week high of $155.10.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. The company had revenue of $547.34 million for the quarter, compared to analyst estimates of $533.44 million. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. Domino’s Pizza’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. On average, equities research analysts expect that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 40.86%.
In related news, Director James A. Goldman sold 3,095 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $147.66, for a total value of $457,007.70. Following the transaction, the director now directly owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the transaction, the insider now directly owns 42,080 shares in the company, valued at $6,182,393.60. The disclosure for this sale can be found here. 5.03% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Capital World Investors increased its position in Domino’s Pizza by 2.2% in the second quarter. Capital World Investors now owns 5,493,504 shares of the company’s stock worth $721,737,000 after buying an additional 119,188 shares during the period. Vanguard Group Inc. increased its position in Domino’s Pizza by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,611,585 shares of the company’s stock worth $474,489,000 after buying an additional 74,268 shares during the period. BlackRock Fund Advisors increased its position in Domino’s Pizza by 5.3% in the second quarter. BlackRock Fund Advisors now owns 1,785,461 shares of the company’s stock worth $234,574,000 after buying an additional 89,797 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Domino’s Pizza by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,593,162 shares of the company’s stock worth $209,310,000 after buying an additional 77,122 shares during the period. Finally, State Street Corp increased its position in Domino’s Pizza by 17.6% in the second quarter. State Street Corp now owns 1,583,984 shares of the company’s stock worth $208,104,000 after buying an additional 237,447 shares during the period. 95.61% of the stock is currently owned by hedge funds and other institutional investors.
About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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