Domino's Pizza (NYSE:DPZ) had its price target boosted by Citigroup from $217.00 to $232.00 in a report published on Monday. The firm currently has a neutral rating on the restaurant operator’s stock.
Several other research firms have also weighed in on DPZ. Deutsche Bank increased their price target on shares of Domino's Pizza to $220.00 and gave the company a buy rating in a research report on Thursday, January 11th. Stephens restated an overweight rating and set a $245.00 price target (up previously from $220.00) on shares of Domino's Pizza in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein restated a market perform rating and set a $230.00 price target (up previously from $200.00) on shares of Domino's Pizza in a research report on Wednesday, February 21st. Barclays increased their price target on shares of Domino's Pizza from $184.00 to $215.00 and gave the company an equal weight rating in a research report on Thursday, January 11th. Finally, Maxim Group upgraded shares of Domino's Pizza from a hold rating to a buy rating and increased their price target for the company from $220.00 to $230.00 in a research report on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $226.77.
Domino's Pizza (NYSE DPZ) opened at $222.41 on Monday. The firm has a market cap of $9,730.00, a PE ratio of 37.70, a P/E/G ratio of 1.90 and a beta of 0.45. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of -1.14. Domino's Pizza has a 1 year low of $166.74 and a 1 year high of $236.00.
Domino's Pizza announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 20th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Domino's Pizza’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 14th. Domino's Pizza’s dividend payout ratio is presently 31.19%.
In other news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the sale, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.57% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Balentine LLC lifted its holdings 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 buying an additional 700 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Domino's Pizza in the fourth quarter worth about $145,000. FNY Partners Fund LP purchased a new stake in shares of Domino's Pizza in the third quarter worth about $158,000. Acadian Asset Management LLC lifted its holdings 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 buying an additional 975 shares in the last quarter. Finally, Synovus Financial Corp purchased a new stake in shares of Domino's Pizza in the third quarter worth about $206,000. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
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Domino's Pizza Company Profile
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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