Deutsche Bank restated their hold rating on shares of Domino’s Pizza (NYSE:DPZ) in a report issued on Wednesday, April 4th, MarketBeat.com reports. They currently have a $235.00 target price on the restaurant operator’s stock.
Several other equities analysts have also recently weighed in on DPZ. Stifel Nicolaus lowered their price objective on shares of Domino’s Pizza from $235.00 to $225.00 and set a buy rating on the stock in a research report on Tuesday, December 12th. Jefferies Group reiterated a hold rating on shares of Domino’s Pizza in a research report on Friday, December 22nd. Maxim Group reiterated a buy rating and set a $240.00 price objective on shares of Domino’s Pizza in a research report on Friday, December 22nd. Credit Suisse Group upgraded shares of Domino’s Pizza from a neutral rating to an outperform rating and set a $205.00 price objective on the stock in a research report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Oppenheimer upgraded shares of Domino’s Pizza to a buy rating and set a $220.00 price objective on the stock in a research report on Thursday, January 4th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of Buy and a consensus target price of $232.50.
Domino’s Pizza stock opened at $230.32 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of -1.14. The company has a market capitalization of $9,957.86, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.37. Domino’s Pizza has a 1 year low of $166.74 and a 1 year high of $236.93.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The firm had revenue of $891.50 million for the quarter, compared to analyst estimates of $904.79 million. During the same quarter in the previous year, the business posted $1.48 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts predict that Domino’s Pizza will post 7.93 earnings per share for the current year.
Domino’s Pizza announced that its board has initiated a stock repurchase plan on Tuesday, February 20th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.46. Domino’s Pizza’s payout ratio is presently 41.20%.
Several hedge funds have recently added to or reduced their stakes in DPZ. Balentine LLC lifted its stake in shares of Domino’s Pizza by 2,916.7% in the 4th quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock valued at $137,000 after purchasing an additional 700 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at $145,000. Acadian Asset Management LLC lifted its stake in shares of Domino’s Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 975 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Domino’s Pizza in the 3rd quarter valued at $206,000. Finally, Advisor Partners LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at $231,000. 94.20% of the stock is owned by institutional investors and hedge funds.
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About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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