Domino’s Pizza (NYSE:DPZ) had its price objective upped by research analysts at Guggenheim from $280.00 to $305.00 in a research note issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s price objective would indicate a potential upside of 8.26% from the stock’s current price.
A number of other equities analysts have also recently commented on DPZ. Stephens reissued an “overweight” rating and set a $245.00 price target (up previously from $220.00) on shares of Domino’s Pizza in a report on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 price target (up previously from $200.00) on shares of Domino’s Pizza in a report on Wednesday, February 21st. Credit Suisse Group reissued an “outperform” rating and set a $245.00 price target (up previously from $235.00) on shares of Domino’s Pizza in a report on Wednesday, February 21st. Bank of America set a $245.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Citigroup boosted their price target on Domino’s Pizza from $217.00 to $232.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $260.14.
DPZ stock opened at $281.73 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.39 and a debt-to-equity ratio of -1.12. Domino’s Pizza has a one year low of $166.74 and a one year high of $283.21. The firm has a market capitalization of $11.73 billion, a PE ratio of 52.76, a PEG ratio of 1.74 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.23. Domino’s Pizza had a negative return on equity of 11.97% and a net margin of 10.32%. The company had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $688.15 million. During the same quarter in the previous year, the firm earned $1.26 EPS. Domino’s Pizza’s revenue was up 25.8% on a year-over-year basis. research analysts expect that Domino’s Pizza will post 8.29 EPS for the current year.
Domino’s Pizza declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 20th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Domino’s Pizza news, insider J Patrick Doyle sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $251.25, for a total value of $15,075,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.97% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware grew its position in shares of Domino’s Pizza by 66.7% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 279 shares during the last quarter. Balentine LLC grew its position 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 buying an additional 700 shares during the last quarter. Commerce Bank bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at about $205,000. Foundry Partners LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at about $210,000. Finally, Alps Advisors Inc. bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at about $219,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.
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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