A number of other equities analysts have also weighed in on DPZ. TheStreet upgraded Domino’s Pizza from a hold rating to a buy rating in a research note on Monday, July 25th. Maxim Group upped their target price on Domino’s Pizza from $127.00 to $135.00 and gave the stock a hold rating in a research note on Friday, July 22nd. Nomura lowered Domino’s Pizza from a buy rating to a neutral rating and set a $135.00 target price on the stock. in a research note on Wednesday, June 22nd. Citigroup Inc. increased their price objective on Domino’s Pizza from $137.00 to $159.00 and gave the company a neutral rating in a research report on Tuesday, September 13th. Finally, Beaufort Securities reiterated a buy rating on shares of Domino’s Pizza in a research report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $145.73.
Domino’s Pizza (NYSE:DPZ) opened at 159.45 on Thursday. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 42.92 and a beta of 0.81. The company has a 50 day moving average price of $151.48 and a 200-day moving average price of $137.95. Domino’s Pizza has a 1-year low of $100.59 and a 1-year high of $163.73.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $339.32 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, analysts forecast that Domino’s Pizza will post $4.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is presently 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of Domino’s Pizza stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the completion of the sale, the insider now owns 42,080 shares in the company, valued at approximately $6,182,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Goldman sold 3,095 shares of Domino’s Pizza stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $147.66, for a total transaction of $457,007.70. Following the completion of the sale, the director now owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. Insiders own 5.03% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DPZ. Massachusetts Financial Services Co. MA increased its stake in Domino’s Pizza by 99.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 934,550 shares of the company’s stock valued at $122,781,000 after buying an additional 466,552 shares during the period. Credit Agricole S A increased its stake in Domino’s Pizza by 628.7% in the first quarter. Credit Agricole S A now owns 408,367 shares of the company’s stock valued at $53,848,000 after buying an additional 352,325 shares during the period. JPMorgan Chase & Co. increased its stake in Domino’s Pizza by 260.3% in the first quarter. JPMorgan Chase & Co. now owns 178,269 shares of the company’s stock valued at $23,507,000 after buying an additional 289,453 shares during the period. State Street Corp increased its stake 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 valued at $208,104,000 after buying an additional 237,447 shares during the period. Finally, American Century Companies Inc. bought a new stake in Domino’s Pizza during the second quarter valued at $11,807,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.
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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