Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating restated by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Thursday, Stock Target Advisor reports.
Several other research firms have also commented on DPZ. Cowen reaffirmed an “outperform” rating and set a $295.00 target price (up previously from $260.00) on shares of Domino’s Pizza in a report on Wednesday, October 9th. Wells Fargo & Co boosted their price target on shares of Domino’s Pizza from $261.00 to $271.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 9th. Bank of America set a $295.00 price target on shares of Domino’s Pizza and gave the company a “buy” rating in a research report on Wednesday, October 9th. Deutsche Bank reaffirmed a “sell” rating and set a $208.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, October 30th. Finally, Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $289.88.
Shares of NYSE DPZ opened at $286.57 on Thursday. The firm has a market capitalization of $11.72 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.12 and a beta of 0.49. The stock’s 50-day simple moving average is $277.41 and its two-hundred day simple moving average is $262.69. Domino’s Pizza has a twelve month low of $220.90 and a twelve month high of $302.05.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.01). The business had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $827.23 million. Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. On average, sell-side analysts expect that Domino’s Pizza will post 9.39 EPS for the current fiscal year.
In related news, Director James A. Goldman sold 2,486 shares of Domino’s Pizza stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $279.98, for a total transaction of $696,030.28. Following the sale, the director now directly owns 5,209 shares in the company, valued at $1,458,415.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.62% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,760,490 shares of the restaurant operator’s stock valued at $1,046,469,000 after buying an additional 31,216 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Domino’s Pizza by 47.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 931,724 shares of the restaurant operator’s stock worth $259,280,000 after acquiring an additional 300,755 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Domino’s Pizza by 78.1% during the second quarter. Wells Fargo & Company MN now owns 858,292 shares of the restaurant operator’s stock valued at $238,845,000 after acquiring an additional 376,248 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Domino’s Pizza by 3.0% during the second quarter. Fisher Asset Management LLC now owns 811,558 shares of the restaurant operator’s stock valued at $225,840,000 after acquiring an additional 23,385 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Domino’s Pizza by 78.0% in the 2nd quarter. Invesco Ltd. now owns 727,307 shares of the restaurant operator’s stock worth $202,395,000 after purchasing an additional 318,789 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.
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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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