Deutsche Bank Reiterates “Hold” Rating for Domino’s Pizza (DPZ)

Domino’s Pizza (NYSE:DPZ)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a research note issued to investors on Wednesday. They presently have a $235.00 target price on the restaurant operator’s stock. Deutsche Bank’s price objective points to a potential upside of 0.76% from the company’s previous close.

Other analysts have also issued reports about the company. Nomura lifted their price objective on Domino’s Pizza to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Maxim Group boosted their target price on Domino’s Pizza from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a research report on Friday, January 5th. Stifel Nicolaus decreased their target price on Domino’s Pizza from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Tuesday, December 12th. Finally, Oppenheimer upgraded Domino’s Pizza to a “buy” rating and set a $220.00 target price for the company in a research report on Thursday, January 4th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Buy” and a consensus price target of $232.27.

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DPZ stock traded down $2.57 during midday trading on Wednesday, reaching $233.22. The stock had a trading volume of 131,359 shares, compared to its average volume of 1,010,877. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of -1.14. The firm has a market cap of $9,956.57, a price-to-earnings ratio of 43.65, a PEG ratio of 1.92 and a beta of 0.37. Domino’s Pizza has a twelve month low of $166.74 and a twelve month high of $236.93.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The firm had revenue of $891.50 million during the quarter, compared to analyst estimates of $904.79 million. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. sell-side analysts predict that Domino’s Pizza will post 7.93 earnings per share for the current fiscal year.

Domino’s Pizza declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 20th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the stock. Balentine LLC grew its position in shares of Domino’s Pizza by 2,916.7% in the 4th quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock valued at $137,000 after purchasing an additional 700 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $145,000. Acadian Asset Management LLC grew its position in shares of Domino’s Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 975 shares during the period. Synovus Financial Corp acquired a new position in shares of Domino’s Pizza in the 3rd quarter valued at approximately $206,000. Finally, Advisor Partners LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $231,000. Institutional investors and hedge funds own 94.20% of the company’s stock.

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Domino’s Pizza Company Profile

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.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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