Domino’s Pizza Inc (DPZ) Earns Neutral Rating from Instinet

Instinet reissued their neutral rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research report report published on Wednesday. They currently have a $201.00 target price on the restaurant operator’s stock, up from their prior target price of $198.00.

A number of other equities research analysts have also recently issued reports on DPZ. Wells Fargo & Company reiterated a market perform rating and set a $210.00 target price (up previously from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Credit Suisse Group began coverage on shares of Domino’s Pizza in a research report on Wednesday. They set a neutral rating and a $200.00 target price for the company. 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. Stifel Nicolaus began coverage on shares of Domino’s Pizza in a research report on Monday, October 2nd. They set a buy rating and a $235.00 target price for the company. Finally, Maxim Group reiterated a hold rating and set a $200.00 target price on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $199.46.

Domino’s Pizza (DPZ) traded down 0.31% on Wednesday, reaching $205.39. 893,901 shares of the company’s stock were exchanged. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58. The firm has a 50-day moving average of $191.00 and a 200-day moving average of $195.55. The firm has a market capitalization 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 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 company had revenue of $628.61 million during 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 was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities analysts expect that Domino’s Pizza will post $5.70 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Domino’s Pizza Inc (DPZ) Earns Neutral Rating from Instinet” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/08/dominos-pizza-inc-dpz-earns-neutral-rating-from-instinet.html.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, September 14th. Domino’s Pizza’s payout ratio is presently 36.65%.

Domino’s Pizza announced that its board has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in 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 generally a sign that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pensionfund Sabic bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $1,529,000. Pensionfund DSM Netherlands bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $2,780,000. Navellier & Associates Inc boosted its stake in shares of Domino’s Pizza by 54.9% in the 2nd quarter. Navellier & Associates Inc now owns 45,879 shares of the restaurant operator’s stock valued at $9,705,000 after purchasing an additional 16,259 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Domino’s Pizza by 12.2% in the 2n

A number of other equities research analysts have also recently issued reports on DPZ. Wells Fargo & Company reiterated a market perform rating and set a $210.00 target price (up previously from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Credit Suisse Group began coverage on shares of Domino’s Pizza in a research report on Wednesday. They set a neutral rating and a $200.00 target price for the company. 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. Stifel Nicolaus began coverage on shares of Domino’s Pizza in a research report on Monday, October 2nd. They set a buy rating and a $235.00 target price for the company. Finally, Maxim Group reiterated a hold rating and set a $200.00 target price on shares of Domino’s Pizza in a research report on Tuesday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $199.46.

Domino’s Pizza (DPZ) traded down 0.31% on Wednesday, reaching $205.39. 893,901 shares of the company’s stock were exchanged. Domino’s Pizza has a 12 month low of $149.67 and a 12 month high of $221.58. The firm has a 50-day moving average of $191.00 and a 200-day moving average of $195.55. The firm has a market capitalization 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 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 company had revenue of $628.61 million during 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 was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities analysts expect that Domino’s Pizza will post $5.70 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Domino’s Pizza Inc (DPZ) Earns Neutral Rating from Instinet” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/08/dominos-pizza-inc-dpz-earns-neutral-rating-from-instinet.html.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, September 14th. Domino’s Pizza’s payout ratio is presently 36.65%.

Domino’s Pizza announced that its board has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in 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 generally a sign that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pensionfund Sabic bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $1,529,000. Pensionfund DSM Netherlands bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $2,780,000. Navellier & Associates Inc boosted its stake in shares of Domino’s Pizza by 54.9% in the 2nd quarter. Navellier & Associates Inc now owns 45,879 shares of the restaurant operator’s stock valued at $9,705,000 after purchasing an additional 16,259 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of 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 last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $291,000. 94.22% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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