Deutsche Bank reaffirmed their hold rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note published on Wednesday, MarketBeat.com reports. Deutsche Bank currently has a $235.00 target price on the restaurant operator’s stock.
A number of other research firms have also recently commented on DPZ. ValuEngine upgraded Domino’s Pizza from a sell rating to a hold rating in a research report on Tuesday, March 27th. Stephens reiterated an overweight rating and set a $245.00 price objective (up previously from $220.00) on shares of Domino’s Pizza in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein reiterated a market perform rating and set a $230.00 price objective (up previously from $200.00) on shares of Domino’s Pizza in a research report on Wednesday, February 21st. Barclays raised their price target on Domino’s Pizza from $184.00 to $215.00 and gave the stock an equal weight rating in a research note on Thursday, January 11th. Finally, Robert W. Baird began coverage on Domino’s Pizza in a research note on Monday, March 5th. They issued an outperform rating and a $260.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $232.27.
Domino’s Pizza stock opened at $231.46 on Wednesday. The stock has a market cap of $9,956.95, a P/E ratio of 39.98, a P/E/G ratio of 1.92 and a beta of 0.37. Domino’s Pizza has a 52 week low of $166.74 and a 52 week high of $236.93. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. The firm had revenue of $891.50 million during the quarter, compared to analysts’ expectations of $904.79 million. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. sell-side analysts forecast that Domino’s Pizza will post 7.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.55 dividend. 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 dividend yield of 0.95%. The ex-dividend date was Wednesday, March 14th. Domino’s Pizza’s payout ratio is currently 41.20%.
Domino’s Pizza declared that its board has authorized a stock repurchase plan on Tuesday, February 20th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balentine LLC lifted its stake in shares of Domino’s Pizza by 2,916.7% in the 4th quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock valued at $137,000 after purchasing an additional 700 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $145,000. Acadian Asset Management LLC lifted its stake 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 purchasing an additional 975 shares in the last quarter. Synovus Financial Corp acquired a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $206,000. Finally, Advisor Partners LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $231,000. 94.20% of the stock is currently owned by institutional investors and hedge funds.
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About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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