Oppenheimer upgraded shares of Domino's Pizza (NYSE:DPZ) to a buy rating in a research note issued to investors on Thursday. They currently have $220.00 price objective on the restaurant operator’s stock. Oppenheimer also issued estimates for Domino's Pizza’s Q4 2017 earnings at $1.87 EPS, Q1 2018 earnings at $1.69 EPS, Q2 2018 earnings at $1.67 EPS, Q3 2018 earnings at $1.72 EPS and Q4 2018 earnings at $2.53 EPS.
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group upgraded Domino's Pizza from a neutral rating to an outperform rating and set a $205.00 target price on the stock in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research downgraded Domino's Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Maxim Group reaffirmed a hold rating and issued a $200.00 price target on shares of Domino's Pizza in a report on Tuesday, September 19th. Wells Fargo & Co reaffirmed a market perform rating and issued a $210.00 price target (up previously from $204.00) on shares of Domino's Pizza in a report on Monday, October 2nd. Finally, Instinet reissued a neutral rating and issued a $201.00 target price (up previously from $198.00) on shares of Domino's Pizza in a research note on Wednesday, October 4th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Domino's Pizza currently has an average rating of Buy and an average target price of $208.42.
Shares of Domino's Pizza (NYSE DPZ) traded up $5.63 during trading on Thursday, reaching $197.29. The company had a trading volume of 1,539,400 shares, compared to its average volume of 1,037,433. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39. The company has a market cap of $8,730.00, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 1.66 and a beta of 0.37. Domino's Pizza has a twelve month low of $161.60 and a twelve month high of $221.58.
Domino's Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates 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 previous year, the company posted $0.96 EPS. sell-side analysts predict that Domino's Pizza will post 5.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, December 14th. Domino's Pizza’s dividend payout ratio is presently 35.05%.
In related news, insider Russell J. Weiner sold 7,276 shares of Domino's Pizza stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the sale, the chief financial officer now owns 26,841 shares in the company, valued at approximately $4,962,095.67. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Domino's Pizza by 6.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 174,471 shares of the restaurant operator’s stock valued at $36,906,000 after acquiring an additional 10,294 shares during the last quarter. Victory Capital Management Inc. increased its stake in Domino's Pizza by 21.1% during the 2nd quarter. Victory Capital Management Inc. now owns 9,193 shares of the restaurant operator’s stock valued at $1,945,000 after purchasing an additional 1,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Domino's Pizza by 23.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,267 shares of the restaurant operator’s stock valued at $2,383,000 after purchasing an additional 2,121 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Domino's Pizza by 13.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,950 shares of the restaurant operator’s stock valued at $413,000 after purchasing an additional 235 shares in the last quarter. Finally, Swiss National Bank increased its stake in Domino's Pizza by 2.9% during the 2nd quarter. Swiss National Bank now owns 175,200 shares of the restaurant operator’s stock valued at $37,060,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.
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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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