Domino's Pizza (NYSE:DPZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, January 5th. The brokerage currently has a $221.00 price objective on the restaurant operator’s stock. Zacks Investment Research‘s target price suggests a potential upside of 1.91% from the company’s previous close.
According to Zacks, “Domino's shares have slightly outpaced the industry in the past one year. The company’s solid brand positioning should continue to boost sales in the upcoming quarters. Also, efforts to accelerate its presence in high-growth international markets bode well. In fact, the company’s revenues and earnings surpassed the Zacks Consensus Estimate in each of the trailing six quarters. Markedly, the third quarter of 2017 marked the 26th and 95th consecutive quarter of positive same-store-sales domestically and internationally, respectively. Going forward, Domino's initiatives on the digital front, increased store counts, focus on re-imaging and other sales boosting strategies are expected to help sustain the momentum. Yet, higher costs and negative currency translation are likely to hurt profits. A soft consumer spending environment in the U.S. restaurant space might limit revenue growth too.”
Several other research firms also recently weighed in on DPZ. Credit Suisse Group lifted their target price on shares of Domino's Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Maxim Group reiterated a “buy” rating and issued a $240.00 target price on shares of Domino's Pizza in a report on Friday, December 22nd. Nomura upgraded shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 target price for the company in a report on Wednesday, November 29th. Deutsche Bank began coverage on shares of Domino's Pizza in a report on Monday, December 18th. They issued a “buy” rating and a $210.00 target price for the company. Finally, Oppenheimer reiterated a “hold” rating on shares of Domino's Pizza in a report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $219.38.
Domino's Pizza (NYSE:DPZ) traded up $0.90 during mid-day trading on Friday, hitting $216.85. 698,742 shares of the stock traded hands, compared to its average volume of 967,201. The stock has a market cap of $9,480.00, a price-to-earnings ratio of 41.30, a PEG ratio of 1.80 and a beta of 0.37. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. Domino's Pizza has a 1 year low of $166.74 and a 1 year high of $221.91.
In other Domino's Pizza news, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the completion of the transaction, the chief financial officer now owns 26,841 shares in the company, valued at $4,962,095.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.57% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Domino's Pizza by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock worth $1,135,876,000 after purchasing an additional 24,988 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Domino's Pizza by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after purchasing an additional 327,585 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Domino's Pizza by 43.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after purchasing an additional 930,200 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Domino's Pizza by 26.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock worth $154,887,000 after purchasing an additional 154,417 shares during the last quarter. Finally, Koch Industries Inc. lifted its position in shares of Domino's Pizza by 21,599.0% during the 2nd quarter. Koch Industries Inc. now owns 568,730 shares of the restaurant operator’s stock worth $566,000 after purchasing an additional 566,109 shares during the last quarter. 94.20% of the stock is owned by institutional investors and hedge funds.
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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.
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