Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Domino’s Pizza (DPZ) Share Price
News coverage about Domino’s Pizza (NYSE:DPZ) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Domino’s Pizza earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 45.5056069091827 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Here’s What’s Coming Up On PreMarket Prep For November 10 (finance.yahoo.com)
- Analysts Lowered Target Prices for Starbucks after 4Q17 Results (finance.yahoo.com)
- Domino’s Pizza Inc (DPZ) Expected to Post Quarterly Sales of $919.83 Million (americanbankingnews.com)
- Trade of the Day: Domino’s Pizza, Inc. Short Continues to Work (investorplace.com)
- ETFs with exposure to Domino’s Pizza, Inc. : November 7, 2017 (finance.yahoo.com)
DPZ has been the subject of a number of recent research reports. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. Wells Fargo & Company restated a “market perform” rating and set a $212.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 18th. Instinet restated a “neutral” rating and set a $198.00 price target (up from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Sanford C. Bernstein restated 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, Stephens upgraded Domino’s Pizza from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $210.00 to $185.00 in a research note on Wednesday, July 26th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $208.90.
Domino’s Pizza (DPZ) opened at $173.33 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13. Domino’s Pizza has a twelve month low of $153.58 and a twelve month high of $221.58. The company has a market capitalization of $7,575.19, a P/E ratio of 32.50, a P/E/G ratio of 1.79 and a beta of 0.37.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. analysts anticipate that Domino’s Pizza will post 5.78 earnings per share for the current year.
Domino’s Pizza announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.06%. Domino’s Pizza’s dividend payout ratio (DPR) is 35.11%.
In other news, insider Russell J. Weiner sold 7,276 shares of the company’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 transaction of $1,418,820.00. Following the sale, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.57% of the stock is owned by corporate insiders.
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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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