Domino’s Pizza Inc (DPZ) Receives New Coverage from Analysts at Credit Suisse Group
Credit Suisse Group began coverage on shares of Domino’s Pizza Inc (NYSE:DPZ) in a report issued on Wednesday morning, Marketbeat reports. The firm issued a neutral rating and a $200.00 price objective on the restaurant operator’s stock.
Several other brokerages have also weighed in on DPZ. Wells Fargo & Company restated a market perform rating and issued a $210.00 price target (up previously from $204.00) on shares of Domino’s Pizza in a research note on Monday, October 2nd. BidaskClub lowered Domino’s Pizza from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Instinet restated a neutral rating and issued a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Zacks Investment Research lowered Domino’s Pizza from a buy rating to a hold rating in a research note on Wednesday, August 23rd. Finally, Stifel Nicolaus initiated coverage on Domino’s Pizza in a research note on Monday, October 2nd. They issued a buy rating and a $235.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of Hold and an average target price of $199.46.
Domino’s Pizza (NYSE:DPZ) traded down 0.31% during trading on Wednesday, hitting $205.39. The stock had a trading volume of 893,901 shares. The firm’s 50-day moving average price is $191.00 and its 200-day moving average price is $195.55. Domino’s Pizza has a 52-week low of $149.67 and a 52-week high of $221.58. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 40.82 and a beta of 0.36.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results 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. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The firm had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same quarter in the previous year, the business earned $0.98 EPS. Domino’s Pizza’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts predict that Domino’s Pizza will post $5.70 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 36.65%.
Domino’s Pizza declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
Several institutional investors have recently modified their holdings of the company. Pensionfund Sabic acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $1,529,000. Pensionfund DSM Netherlands acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $2,780,000. Navellier & Associates Inc boosted its holdings in shares of Domino’s Pizza by 54.9% during the 2nd quarter. Navellier & Associates Inc now owns 45,879 shares of the restaurant operator’s stock worth $9,705,000 after purchasing an additional 16,259 shares during the last quarter. Toronto Dominion Bank boosted 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 worth $125,000 after purchasing an additional 64 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $291,000. Institutional investors and hedge funds own 94.22% of the company’s stock.
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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