Domino’s Pizza, Inc. (NYSE:DPZ) – Oppenheimer cut their FY2020 earnings per share estimates for shares of Domino’s Pizza in a report issued on Wednesday, October 17th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $11.32 per share for the year, down from their previous forecast of $11.59.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 EPS for the quarter, beating the consensus estimate of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $789.10 million. During the same quarter last year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on DPZ. Mizuho set a $300.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday. Argus raised their target price on Domino’s Pizza from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Domino’s Pizza from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Jefferies Financial Group reissued a “neutral” rating and set a $265.00 target price on shares of Domino’s Pizza in a research note on Friday, July 20th. Finally, Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $305.00 to $310.00 in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $274.05.
DPZ stock opened at $267.75 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.61 and a debt-to-equity ratio of -1.16. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.22. Domino’s Pizza has a 52-week low of $166.74 and a 52-week high of $305.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other news, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the completion of the transaction, the chief operating officer now directly owns 13,738 shares in the company, valued at $4,037,323.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider J Patrick Doyle sold 25,600 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the transaction, the insider now owns 49,670 shares of the company’s stock, valued at $14,958,120.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,004 shares of company stock valued at $11,956,888. Company insiders own 3.97% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DPZ. Qube Research & Technologies Ltd purchased a new position in Domino’s Pizza in the second quarter valued at $119,000. First Hawaiian Bank purchased a new position in Domino’s Pizza in the third quarter valued at $142,000. Flagship Harbor Advisors LLC purchased a new position in Domino’s Pizza in the second quarter valued at $166,000. Winslow Evans & Crocker Inc. purchased a new position in Domino’s Pizza in the second quarter valued at $172,000. Finally, Foundry Partners LLC purchased a new position in Domino’s Pizza in the first quarter valued at $210,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
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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