Domino's Pizza (NYSE:DPZ) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Thursday. The brokerage currently has a $205.00 price target on the restaurant operator’s stock. Credit Suisse Group’s price target indicates a potential upside of 2.35% from the stock’s previous close. The analysts noted that the move was a valuation call.
DPZ has been the topic of several other reports. Zacks Investment Research lowered Domino's Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Maxim Group reiterated a “buy” rating and issued a $240.00 price objective on shares of Domino's Pizza in a research note on Friday, December 22nd. Nomura raised Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 target price on the stock in a research report on Wednesday, November 29th. Deutsche Bank assumed coverage on Domino's Pizza in a research report on Monday, December 18th. They set a “buy” rating and a $210.00 target price on the stock. Finally, Oppenheimer reissued a “hold” rating on shares of Domino's Pizza in a research report on Monday, November 6th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $208.42.
Domino's Pizza (DPZ) opened at $200.30 on Thursday. Domino's Pizza has a 1-year low of $161.60 and a 1-year high of $221.58. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The firm has a market capitalization of $8,760.00, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.66 and a beta of 0.37.
Domino's Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. equities research analysts anticipate that Domino's Pizza will post 5.79 EPS for the current year.
In other news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the completion of the transaction, the chief financial officer now owns 26,841 shares in the company, valued at $4,962,095.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Russell J. Weiner sold 7,276 shares of Domino's Pizza stock in a transaction that occurred 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 completion of the transaction, the insider now owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of DPZ. Commonwealth Bank of Australia raised its stake in shares of Domino's Pizza by 25.0% in the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 100 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Domino's Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 64 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Domino's Pizza in the second quarter valued at approximately $127,000. FNY Partners Fund LP bought a new position in shares of Domino's Pizza in the third quarter valued at approximately $158,000. Finally, Synovus Financial Corp bought a new position in shares of Domino's Pizza in the third quarter valued at approximately $206,000. Institutional investors own 94.18% of the company’s stock.
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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.
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