Domino’s Pizza, Inc. (NYSE:DPZ)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $281.08, but opened at $272.94. Domino’s Pizza shares last traded at $259.63, with a volume of 2388965 shares changing hands.
Several equities analysts have recently commented on DPZ shares. Maxim Group increased their price objective on Domino’s Pizza from $285.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 10th. Morgan Stanley increased their price objective on Domino’s Pizza from $260.00 to $270.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Jefferies Financial Group reiterated a “neutral” rating and set a $265.00 price objective on shares of Domino’s Pizza in a research report on Friday, July 20th. Finally, Guggenheim increased their price objective on Domino’s Pizza from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $272.68.
The company has a quick ratio of 1.70, a current ratio of 1.81 and a debt-to-equity ratio of -1.17. The stock has a market capitalization of $12.34 billion, a PE ratio of 48.62, a P/E/G ratio of 1.86 and a beta of 0.23.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.29% and a net margin of 10.19%. The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $789.10 million. During the same period last year, the company earned $1.27 EPS. Domino’s Pizza’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza, Inc. will post 8.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $2.20 annualized dividend and a yield of 0.85%. Domino’s Pizza’s payout ratio is 41.20%.
In related news, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the transaction, the chief operating officer now directly owns 13,738 shares in the company, valued at approximately $4,037,323.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider J Patrick Doyle sold 25,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the transaction, the insider now owns 49,670 shares in the company, valued at $14,958,120.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,004 shares of company stock worth $11,956,888. 3.97% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. UBS Group AG lifted its holdings in Domino’s Pizza by 1,258.1% in the 1st quarter. UBS Group AG now owns 68,395 shares of the restaurant operator’s stock worth $15,975,000 after buying an additional 63,359 shares during the period. United Capital Financial Advisers LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth approximately $292,000. Natixis purchased a new stake in Domino’s Pizza in the 1st quarter worth approximately $1,969,000. LPL Financial LLC lifted its holdings in Domino’s Pizza by 79.4% in the 1st quarter. LPL Financial LLC now owns 3,366 shares of the restaurant operator’s stock worth $786,000 after buying an additional 1,490 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in Domino’s Pizza by 2.8% in the 1st quarter. Guggenheim Capital LLC now owns 34,006 shares of the restaurant operator’s stock worth $7,943,000 after buying an additional 912 shares during the period. Institutional investors and hedge funds own 93.00% of the company’s stock.
Domino’s Pizza Company Profile (NYSE:DPZ)
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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