Domino's Pizza, Inc. (NYSE:DPZ)‘s stock had its “neutral” rating restated by Instinet in a note issued to investors on Saturday, April 29th. They currently have a $196.00 target price on the restaurant operator’s stock, up from their prior target price of $174.00. Instinet’s price objective indicates a potential upside of 0.66% from the company’s current price.
A number of other research firms have also recently issued reports on DPZ. Morgan Stanley reiterated an “equal weight” rating and set a $170.00 price objective (up from $155.00) on shares of Domino's Pizza in a research report on Saturday, January 14th. Zacks Investment Research cut shares of Domino's Pizza from a “hold” rating to a “sell” rating in a research report on Monday, January 16th. BTIG Research reiterated a “buy” rating and set a $195.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 28th. Maxim Group upped their price objective on shares of Domino's Pizza from $171.00 to $186.00 and gave the stock a “hold” rating in a research report on Tuesday, February 28th. Finally, KeyCorp upgraded shares of Domino's Pizza from a “sector weight” rating to an “overweight” rating and set a $200.00 price objective for the company in a research report on Friday, January 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $172.03.
Domino's Pizza (NYSE:DPZ) traded up 0.66% during mid-day trading on Friday, hitting $196.00. 347,226 shares of the stock traded hands. The company has a 50 day moving average price of $184.81 and a 200-day moving average price of $176.00. The stock has a market capitalization of $9.43 billion, a PE ratio of 41.91 and a beta of 0.65. Domino's Pizza has a one year low of $120.35 and a one year high of $198.00.
Domino's Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, April 27th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.10. The business had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $615.66 million. Domino's Pizza had a net margin of 8.55% and a negative return on equity of 11.03%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Equities analysts anticipate that Domino's Pizza will post $5.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.84 annualized dividend and a yield of 0.94%. Domino's Pizza’s payout ratio is 37.91%.
In other Domino's Pizza news, Director Greg Trojan sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $186.42, for a total transaction of $466,050.00. Following the transaction, the director now owns 4,050 shares in the company, valued at $755,001. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Domino's Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock valued at $985,052,000 after buying an additional 5,125,632 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Domino's Pizza by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,837,342 shares of the restaurant operator’s stock valued at $707,222,000 after buying an additional 120,692 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Domino's Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock valued at $392,688,000 after buying an additional 517,200 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Domino's Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock valued at $322,614,000 after buying an additional 1,458,667 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Domino's Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock valued at $283,451,000 after buying an additional 16,726 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
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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