Domino's Pizza (DPZ) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Domino's Pizza (NYSE:DPZ) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $221.00 price target on the restaurant operator’s stock.
According to Zacks, “Domino's shares have slightly outpaced the industry in the past one year. The company’s solid brand positioning should continue to boost sales in the upcoming quarters. Also, efforts to accelerate its presence in high-growth international markets bode well. In fact, the company’s revenues and earnings surpassed the Zacks Consensus Estimate in each of the trailing six quarters. Markedly, the third quarter of 2017 marked the 26th and 95th consecutive quarter of positive same-store-sales domestically and internationally, respectively. Going forward, Domino's initiatives on the digital front, increased store counts, 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 too.”
A number of other equities analysts also recently commented on DPZ. Maxim Group restated a hold rating and issued a $200.00 target price on shares of Domino's Pizza in a research note on Tuesday, September 19th. Wells Fargo & Co reiterated a market perform rating and set a $210.00 price objective (up from $204.00) on shares of Domino's Pizza in a research report on Monday, October 2nd. Stifel Nicolaus began coverage on Domino's Pizza in a report on Monday, October 2nd. They set a buy rating and a $235.00 target price on the stock. Credit Suisse Group began coverage on Domino's Pizza in a report on Wednesday, October 4th. They issued a neutral rating and a $200.00 price target on the stock. Finally, Instinet reaffirmed a neutral rating and issued a $201.00 price target (up previously from $198.00) on shares of Domino's Pizza in a report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $208.42.
Shares of Domino's Pizza (NYSE:DPZ) traded up $3.01 during mid-day trading on Friday, reaching $200.30. The company’s stock had a trading volume of 1,158,500 shares, compared to its average volume of 1,067,725. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. Domino's Pizza has a 12 month low of $162.18 and a 12 month high of $221.58. The firm has a market capitalization of $8,820.00, a P/E ratio of 38.15, a P/E/G ratio of 1.69 and a beta of 0.37.
Domino's Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. During the same period in the previous year, the firm posted $0.96 earnings per share. Domino's Pizza’s quarterly revenue was up 13.6% compared to the same quarter last year. analysts anticipate that Domino's Pizza will post 5.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, December 14th. Domino's Pizza’s dividend payout ratio (DPR) is currently 35.05%.
In other news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now directly owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now owns 26,841 shares in the company, valued at $4,962,095.67. The disclosure for this sale can be found here. 3.57% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Domino's Pizza by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock valued at $422,000 after acquiring an additional 25 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Domino's Pizza by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock valued at $297,000 after acquiring an additional 44 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Domino's Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Domino's Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 100 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in shares of Domino's Pizza by 1.8% during the 2nd quarter. Dorsey Wright & Associates now owns 7,907 shares of the restaurant operator’s stock valued at $1,673,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
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About Domino's Pizza
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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