Domino’s Pizza Inc (NYSE:DPZ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, June 28th.
According to Zacks, “Domino's shares outpaced the Zacks classified Retail–Restaurants industry year to date. The company’s solid brand positioning should continue to boost sales in the upcoming quarters. Efforts to accelerate its presence in high-growth international markets bode well. The company’s revenues and earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The first quarter of 2017 marked the 24th and 93rd consecutive quarter of positive same-store-sales domestically and internationally, respectively. Going forward, the company’s initiatives on the digital front, focus on re-imaging and other sales boosting strategies are expected to help sustain the momentum. Yet, higher costs and negative currency translation are likely to hurt profits. A soft consumer spending environment in the U.S. restaurant space might limit revenue growth.”
Other equities analysts have also issued research reports about the stock. Wells Fargo & Company started coverage on shares of Domino’s Pizza in a report on Tuesday, May 23rd. They set a “market perform” rating and a $210.00 price objective on the stock. BidaskClub upgraded shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC upped their price objective on shares of Domino’s Pizza from $150.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, March 1st. Maxim Group upped their price objective on shares of Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, June 1st. Finally, Instinet upped their price objective on shares of Domino’s Pizza from $152.00 to $174.00 and gave the company a “neutral” rating in a report on Wednesday, March 1st. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $194.40.
Domino’s Pizza (NYSE DPZ) traded up 0.36% during mid-day trading on Wednesday, hitting $183.09. 1,168,960 shares of the company were exchanged. The company’s 50-day moving average is $209.90 and its 200 day moving average is $191.55. Domino’s Pizza has a 12-month low of $143.47 and a 12-month high of $221.58. The company has a market capitalization of $8.80 billion, a P/E ratio of 39.15 and a beta of 0.38.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million for the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. Domino’s Pizza’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Analysts expect that Domino’s Pizza will post $5.60 EPS for the current year.
A number of large investors have recently modified their holdings of the company. M Holdings Securities Inc. increased its stake in shares of Domino’s Pizza by 1.2% in the fourth quarter. M Holdings Securities Inc. now owns 3,244 shares of the restaurant operator’s stock worth $517,000 after buying an additional 38 shares during the last quarter. Norges Bank purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $81,402,000. Barings LLC increased its stake in shares of Domino’s Pizza by 43.3% in the fourth quarter. Barings LLC now owns 4,140 shares of the restaurant operator’s stock worth $659,000 after buying an additional 1,250 shares during the last quarter. United Capital Financial Advisers LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $314,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $303,000. 98.91% of the stock is owned by institutional investors and hedge funds.
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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