Domino’s Pizza Inc (DPZ) Given “Hold” Rating at Oppenheimer Holdings, Inc.
Domino’s Pizza Inc (NYSE:DPZ)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Monday.
Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Monday, August 28th. BidaskClub raised shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Credit Suisse Group boosted their price target on shares of Domino’s Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Guggenheim reissued a “buy” rating and set a $230.00 price target on shares of Domino’s Pizza in a report on Friday, October 13th. Finally, Instinet reissued a “neutral” rating and set a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Domino’s Pizza has an average rating of “Hold” and an average target price of $208.90.
Shares of Domino’s Pizza (NYSE:DPZ) traded down $4.15 during trading hours on Monday, hitting $173.79. 1,033,130 shares of the company were exchanged, compared to its average volume of 1,270,000. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The company has a market capitalization of $7,610.00, a price-to-earnings ratio of 33.38, a PEG ratio of 1.84 and a beta of 0.37. Domino’s Pizza has a fifty-two week low of $153.58 and a fifty-two week high of $221.58.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.05. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts forecast that Domino’s Pizza will post 5.78 earnings per share for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, insider Russell J. Weiner sold 7,276 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.57% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Domino’s Pizza by 0.5% in the 2nd quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock valued at $1,135,876,000 after buying an additional 24,988 shares in the last quarter. Vanguard Group Inc. boosted its position in Domino’s Pizza by 8.5% during the second quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after purchasing an additional 327,585 shares during the period. Renaissance Technologies LLC boosted its position in Domino’s Pizza by 43.7% during the second quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after purchasing an additional 930,200 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Domino’s Pizza by 26.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock worth $154,887,000 after purchasing an additional 154,417 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Domino’s Pizza by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 615,384 shares of the restaurant operator’s stock worth $130,174,000 after purchasing an additional 12,025 shares during the period. 94.20% 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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