Argus upgraded shares of Domino’s Pizza (NYSE:DPZ) from a hold rating to a buy rating in a research note released on Wednesday morning. They currently have $260.00 target price on the restaurant operator’s stock, up from their previous target price of $221.44.
A number of other analysts have also commented on DPZ. Nomura raised shares of Domino’s Pizza from a neutral rating to a buy rating and set a $201.00 price objective on the stock in a research report on Wednesday, November 29th. Longbow Research reissued a buy rating and issued a $215.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, November 28th. Stifel Nicolaus cut their price objective on shares of Domino’s Pizza from $235.00 to $225.00 and set a buy rating on the stock in a research report on Tuesday, December 12th. Deutsche Bank initiated coverage on shares of Domino’s Pizza in a research report on Monday, December 18th. They issued a buy rating and a $210.00 price objective on the stock. Finally, Jefferies Group reissued a hold rating on shares of Domino’s Pizza in a research report on Friday, December 22nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Domino’s Pizza has a consensus rating of Buy and a consensus target price of $232.00.
Shares of Domino’s Pizza (NYSE DPZ) traded up $2.12 on Wednesday, reaching $225.08. 39,986 shares of the company’s stock were exchanged, compared to its average volume of 1,137,916. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.36 and a current ratio of 1.46. Domino’s Pizza has a 1 year low of $166.74 and a 1 year high of $236.00. The company has a market capitalization of $9,525.96, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.84 and a beta of 0.43.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. The firm had revenue of $891.50 million for the quarter, compared to analyst estimates of $904.79 million. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. research analysts forecast that Domino’s Pizza will post 7.93 EPS for the current year.
Domino’s Pizza announced that its board has initiated a stock buyback program on Tuesday, February 20th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.55 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, March 14th. Domino’s Pizza’s dividend payout ratio is 31.45%.
In other Domino’s Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the sale, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp raised its position in Domino’s Pizza by 23.8% during the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 246 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Domino’s Pizza by 1.6% in the fourth quarter. Whittier Trust Co. now owns 18,715 shares of the restaurant operator’s stock valued at $3,536,000 after purchasing an additional 303 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Domino’s Pizza by 24.6% in the third quarter. CIBC Asset Management Inc now owns 1,979 shares of the restaurant operator’s stock valued at $393,000 after purchasing an additional 391 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Domino’s Pizza by 0.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 154,556 shares of the restaurant operator’s stock valued at $30,687,000 after purchasing an additional 489 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Domino’s Pizza by 41.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 1,700 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 500 shares during the last quarter. 94.20% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This story was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://stocknewstimes.com/2018/03/08/dominos-pizza-dpz-upgraded-to-buy-at-argus.html.
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.
Receive News & Ratings for Domino’s Pizza Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Domino’s Pizza and related companies with MarketBeat.com’s FREE daily email newsletter.