Domino’s Pizza (DPZ) Upgraded to “Buy” at Argus

//Domino’s Pizza (DPZ) Upgraded to “Buy” at Argus

Domino’s Pizza (DPZ) Upgraded to “Buy” at Argus

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.

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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.

Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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2018-03-08T14:00:00+00:00