Domino’s Pizza (DPZ) Earning Favorable News Coverage, Study Shows
Media headlines about Domino’s Pizza (NYSE:DPZ) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Domino’s Pizza earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 46.4777340977159 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- MCF Advisors LLC Has $186000 Stake in Domino’s Pizza Inc (NYSE:DPZ) (techkenyot.com)
- Domino’s Pizza Inc (DPZ) Downgraded by BidaskClub to “Buy” (topactu.net)
- Comparable Company Analysis: Cognizant Technology Solutions Corporation (CTSH), Domino’s Pizza, Inc. (DPZ) – AllStockNews (allstocknews.com)
- Analysts Set Domino’s Pizza Inc (DPZ) PT at $193.93 – ExpressNewsline (expressnewsline.com)
- Sells 27 Shares of Domino’s Pizza Inc (NYSE:DPZ) (overnewsmagazine.com)
A number of equities analysts recently weighed in on the stock. Guggenheim began coverage on shares of Domino’s Pizza in a report on Friday, April 21st. They set a “buy” rating and a $192.00 target price on the stock. BidaskClub downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $217.00 price target on the stock in a research note on Thursday, August 10th. Stephens upgraded shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $210.00 to $185.00 in a research note on Wednesday, July 26th. Finally, Instinet restated a “neutral” rating and issued a $196.00 price target (up from $174.00) on shares of Domino’s Pizza in a research note on Saturday, April 29th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Domino’s Pizza has an average rating of “Hold” and an average price target of $195.38.
Domino’s Pizza (NYSE DPZ) traded down 0.27% during mid-day trading on Wednesday, reaching $187.67. The company had a trading volume of 1,404,103 shares. The company has a market capitalization of $9.06 billion, a PE ratio of 37.30 and a beta of 0.35. The firm has a 50-day moving average of $201.29 and a 200 day moving average of $193.92. Domino’s Pizza has a 1-year low of $144.32 and a 1-year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. On average, analysts predict that Domino’s Pizza will post $5.71 earnings per share for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 36.65%.
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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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