Investors Buy Domino’s Pizza Inc (DPZ) on Weakness
Investors purchased shares of Domino’s Pizza Inc (NYSE:DPZ) on weakness during trading hours on Wednesday. $69.72 million flowed into the stock on the tick-up and $50.22 million flowed out of the stock on the tick-down, for a money net flow of $19.50 million into the stock. Of all stocks tracked, Domino’s Pizza had the 22nd highest net in-flow for the day. Domino’s Pizza traded down ($0.50) for the day and closed at $187.67
A number of equities research analysts recently issued reports on the stock. Longbow Research downgraded shares of Domino’s Pizza from a “buy” rating to a “neutral” rating in a research note on Friday, June 9th. BidaskClub raised shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. BTIG Research reaffirmed a “buy” rating and set a $233.00 price target (up previously from $213.00) on shares of Domino’s Pizza in a research note on Thursday, June 1st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $215.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 25th. Finally, Instinet reaffirmed a “neutral” rating and set a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $195.38.
The company has a market cap of $9.06 billion, a PE ratio of 37.30 and a beta of 0.35. The company has a 50-day moving average price of $201.29 and a 200-day moving average price of $193.92.
Domino’s Pizza (NYSE:DPZ) last issued 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 firm 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%. Domino’s Pizza’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts predict that Domino’s Pizza Inc will post $5.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.98%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 36.65%.
Domino’s Pizza announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
A number of hedge funds have recently modified their holdings of DPZ. State of Alaska Department of Revenue bought a new stake in shares of Domino’s Pizza during the first quarter valued at about $1,181,000. State of Wisconsin Investment Board raised its stake in shares of Domino’s Pizza by 17.4% in the first quarter. State of Wisconsin Investment Board now owns 32,021 shares of the restaurant operator’s stock valued at $5,901,000 after buying an additional 4,738 shares during the period. Turner Investments LLC bought a new stake in shares of Domino’s Pizza during the first quarter valued at about $1,491,000. V Wealth Management LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $293,000. Finally, Sapphire Star Partners LP raised its stake in shares of Domino’s Pizza by 25.7% in the second quarter. Sapphire Star Partners LP now owns 1,759 shares of the restaurant operator’s stock valued at $372,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 99.37% 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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