Domino’s Pizza (DPZ) Price Target Raised to $255.00 at Stifel Nicolaus

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by Stifel Nicolaus from $240.00 to $255.00 in a research report report published on Wednesday. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts also recently commented on DPZ. Maxim Group restated a buy rating and issued a $255.00 price target on shares of Domino’s Pizza in a research note on Wednesday. Deutsche Bank boosted their price target on shares of Domino’s Pizza to $220.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Oppenheimer boosted their price target on shares of Domino’s Pizza from $240.00 to $245.00 and gave the stock an outperform rating in a research note on Tuesday. Barclays boosted their price target on shares of Domino’s Pizza from $184.00 to $215.00 and gave the stock an equal weight rating in a research note on Thursday, January 11th. Finally, Nomura boosted their price target on shares of Domino’s Pizza to $230.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Domino’s Pizza has a consensus rating of Buy and a consensus target price of $234.55.

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Domino’s Pizza stock opened at $238.19 on Wednesday. Domino’s Pizza has a fifty-two week low of $166.74 and a fifty-two week high of $239.21. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. The company has a market capitalization of $10,202.21, a P/E ratio of 40.96, a P/E/G ratio of 1.97 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $904.79 million. During the same quarter last year, the firm earned $1.48 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. sell-side analysts expect that Domino’s Pizza will post 7.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.46. Domino’s Pizza’s payout ratio is presently 41.20%.

Domino’s Pizza declared that its Board of Directors has approved a share repurchase program on Tuesday, February 20th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp lifted its position in Domino’s Pizza by 23.8% in the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after acquiring an additional 246 shares during the last quarter. Toronto Dominion Bank lifted its position in Domino’s Pizza by 41.8% in the fourth quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after acquiring an additional 848 shares during the last quarter. William Blair Investment Management LLC lifted its position in Domino’s Pizza by 83.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock valued at $297,297,000 after acquiring an additional 714,414 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in Domino’s Pizza in the fourth quarter valued at $1,591,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Domino’s Pizza by 0.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 187,951 shares of the restaurant operator’s stock valued at $35,516,000 after acquiring an additional 596 shares during the last quarter.

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Domino’s Pizza Company Profile

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.

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

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