Domino’s Pizza Inc (DPZ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Domino’s Pizza Inc (NYSE:DPZ) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $204.25.

A number of equities research analysts have issued reports on DPZ shares. BidaskClub upgraded shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Wells Fargo & Company reissued a “market perform” rating and issued a $212.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 18th. Instinet reissued a “neutral” rating and issued a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $215.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 25th. Finally, Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $210.00 to $185.00 in a research report on Wednesday, July 26th.

Domino’s Pizza (NYSE DPZ) opened at 192.27 on Wednesday. The company’s 50-day moving average is $193.73 and its 200 day moving average is $196.44. Domino’s Pizza has a one year low of $151.23 and a one year high of $221.58. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 38.21 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Equities analysts expect that Domino’s Pizza will post $5.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 35.11%.

Domino’s Pizza declared that its board has approved a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. IHT Wealth Management LLC grew its position in Domino’s Pizza by 19.5% during the 1st quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 93 shares during the last quarter. Commonwealth Bank of Australia grew its position in Domino’s Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares during the last quarter. Toronto Dominion Bank grew its position in Domino’s Pizza by 12.2% during the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Domino’s Pizza during the 2nd quarter worth $127,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Domino’s Pizza by 115.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after purchasing an additional 368 shares during the last quarter. 94.32% 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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