Wells Fargo & Company Reaffirms “Market Perform” Rating for Domino’s Pizza Inc (DPZ)
Wells Fargo & Company reissued their market perform rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research note published on Monday morning. The firm currently has a $210.00 price target on the restaurant operator’s stock, up from their previous price target of $204.00.
A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Domino’s Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Maxim Group reissued a hold rating and set a $200.00 price target on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Finally, Argus cut shares of Domino’s Pizza from a buy rating to a hold rating and lifted their price target for the stock from $145.00 to $183.30 in a research report on Friday, August 25th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Domino’s Pizza currently has a consensus rating of Hold and a consensus price target of $199.46.
Shares of Domino’s Pizza (DPZ) opened at 201.64 on Monday. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58. The stock’s 50 day moving average price is $189.99 and its 200-day moving average price is $195.32. The firm has a market cap of $9.73 billion, a P/E ratio of 40.07 and a beta of 0.36.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. The firm had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Equities research analysts anticipate that Domino’s Pizza will post $5.69 earnings per share for the current fiscal year.
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Domino’s Pizza declared that its Board of Directors has approved a share buyback 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 reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.91%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 36.65%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its holdings in Domino’s Pizza by 19.5% in the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Commonwealth Bank of Australia boosted its holdings in Domino’s Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares during the period. Toronto Dominion Bank boosted its holdings in Domino’s Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $127,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Domino’s Pizza by 115.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.
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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