Equities research analysts forecast that Domino's Pizza, Inc. (NYSE:DPZ) will post $904.00 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Domino's Pizza’s earnings, with estimates ranging from $885.09 million to $932.30 million. Domino's Pizza reported sales of $819.44 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is expected to report its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Domino's Pizza will report full-year sales of $904.00 million for the current financial year, with estimates ranging from $2.78 billion to $2.83 billion. For the next financial year, analysts expect that the company will report sales of $3.09 billion per share, with estimates ranging from $3.03 billion to $3.14 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Domino's Pizza.
Several research analysts recently weighed in on the stock. Nomura boosted their price objective on shares of Domino's Pizza to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Oppenheimer upgraded shares of Domino's Pizza to a “buy” rating and set a $220.00 price objective for the company in a research report on Thursday, January 4th. Credit Suisse Group upgraded shares of Domino's Pizza from a “neutral” rating to an “outperform” rating and set a $205.00 price objective for the company in a research report on Thursday, January 4th. They noted that the move was a valuation call. Instinet restated a “neutral” rating and issued a $201.00 price objective (up previously from $198.00) on shares of Domino's Pizza in a research report on Wednesday, October 4th. Finally, Guggenheim restated a “buy” rating and issued a $230.00 price objective on shares of Domino's Pizza in a research report on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $216.85.
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 completion of the sale, the chief financial officer now owns 26,841 shares in the company, valued at approximately $4,962,095.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.57% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Commonwealth Bank of Australia raised its position in shares of Domino's Pizza by 25.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 100 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Domino's Pizza in the 2nd quarter valued at $127,000. FNY Partners Fund LP acquired a new position in shares of Domino's Pizza in the 3rd quarter valued at $158,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Domino's Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 975 shares during the period.
Domino's Pizza (DPZ) traded up $2.63 during mid-day trading on Thursday, reaching $213.54. 615,633 shares of the company traded hands, compared to its average volume of 872,518. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of -1.13. Domino's Pizza has a 1 year low of $165.67 and a 1 year high of $221.58. The company has a market cap of $9,338.96, a PE ratio of 40.75, a PEG ratio of 1.79 and a beta of 0.37.
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About Domino's Pizza
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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