Domino’s Pizza Inc (DPZ) Coverage Initiated at Stifel Nicolaus
Investment analysts at Stifel Nicolaus assumed coverage on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $235.00 price target on the restaurant operator’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.87% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a report on Monday, June 19th. BidaskClub lowered Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Bank of America Corporation lifted their price target on Domino’s Pizza from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. Finally, Longbow Research raised Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price target for the company in a report on Friday, July 28th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $199.25.
Domino’s Pizza (NYSE DPZ) opened at 202.81 on Monday. The stock’s 50 day moving average is $189.60 and its 200-day moving average is $195.27. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 40.30 and a beta of 0.36. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company 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%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, analysts anticipate that Domino’s Pizza will post $5.69 earnings per share for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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Several hedge funds have recently made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Domino’s Pizza by 2.9% during the second quarter. Swiss National Bank now owns 175,200 shares of the restaurant operator’s stock worth $37,060,000 after purchasing an additional 4,900 shares during the last quarter. KBC Group NV grew its holdings in Domino’s Pizza by 32.3% during the 2nd quarter. KBC Group NV now owns 8,382 shares of the restaurant operator’s stock worth $1,773,000 after acquiring an additional 2,048 shares during the last quarter. Chicago Equity Partners LLC grew its holdings in Domino’s Pizza by 572.2% during the 2nd quarter. Chicago Equity Partners LLC now owns 122,105 shares of the restaurant operator’s stock worth $25,829,000 after acquiring an additional 103,940 shares during the last quarter. Private Advisor Group LLC grew its holdings in Domino’s Pizza by 156.8% during the 2nd quarter. Private Advisor Group LLC now owns 5,275 shares of the restaurant operator’s stock worth $1,116,000 after acquiring an additional 3,221 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Domino’s Pizza by 58.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 154,067 shares of the restaurant operator’s stock worth $32,590,000 after acquiring an additional 56,642 shares during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
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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