Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned a consensus rating of “Buy” from the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $263.00.
A number of equities research analysts have recently issued reports on DPZ shares. ValuEngine upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a research report on Tuesday, March 27th. Bank of America upped their price target on Domino’s Pizza from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Deutsche Bank reiterated a “hold” rating and issued a $235.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 4th. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Domino’s Pizza in a research report on Thursday, April 26th. Finally, Robert W. Baird initiated coverage on Domino’s Pizza in a research report on Monday, March 5th. They issued an “outperform” rating and a $260.00 price objective for the company.
In other Domino’s Pizza news, insider J Patrick Doyle sold 20,842 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $264.42, for a total transaction of $5,511,041.64. Following the transaction, the insider now directly owns 24,670 shares in the company, valued at $6,523,241.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.97% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in Domino’s Pizza by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 3,286,400 shares of the restaurant operator’s stock worth $620,998,000 after purchasing an additional 64,100 shares in the last quarter. Viking Global Investors LP lifted its stake in Domino’s Pizza by 473.7% during the fourth quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock worth $388,968,000 after purchasing an additional 1,699,678 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Domino’s Pizza by 83.2% during the fourth quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock worth $297,297,000 after purchasing an additional 714,414 shares in the last quarter. Jackson Square Partners LLC lifted its stake in Domino’s Pizza by 821.9% during the fourth quarter. Jackson Square Partners LLC now owns 347,558 shares of the restaurant operator’s stock worth $65,674,000 after purchasing an additional 309,857 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Domino’s Pizza by 0.3% during the first quarter. Legal & General Group Plc now owns 209,997 shares of the restaurant operator’s stock worth $49,047,000 after purchasing an additional 662 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.
Shares of DPZ stock traded down $0.42 during trading hours on Monday, reaching $281.05. The company had a trading volume of 5,301 shares, compared to its average volume of 672,140. The company has a debt-to-equity ratio of -1.12, a current ratio of 1.39 and a quick ratio of 1.29. The firm has a market capitalization of $11.97 billion, a PE ratio of 52.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.35. Domino’s Pizza has a 12-month low of $166.74 and a 12-month high of $293.81.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.23. The business had revenue of $785.40 million during the quarter, compared to analyst estimates of $688.15 million. Domino’s Pizza had a negative return on equity of 11.97% and a net margin of 10.32%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. equities research analysts expect that Domino’s Pizza will post 8.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 41.20%.
Domino’s Pizza Company Profile
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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