Oppenheimer Analysts Lower Earnings Estimates for Domino’s Pizza, Inc. (DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Oppenheimer lowered their FY2018 EPS estimates for shares of Domino’s Pizza in a report issued on Wednesday, October 17th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $8.39 for the year, down from their previous forecast of $8.42. Oppenheimer also issued estimates for Domino’s Pizza’s Q4 2018 earnings at $2.60 EPS and FY2019 earnings at $9.54 EPS.

DPZ has been the subject of several other reports. Zacks Investment Research downgraded shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Maxim Group raised their target price on shares of Domino’s Pizza from $270.00 to $285.00 and gave the company a “hold” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Stephens raised their target price on shares of Domino’s Pizza from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, July 20th. Guggenheim restated a “buy” rating and set a $303.00 target price on shares of Domino’s Pizza in a report on Friday, July 20th. Finally, Jefferies Financial Group restated a “neutral” rating and set a $265.00 target price on shares of Domino’s Pizza in a report on Friday, July 20th. Eight research 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 an average rating of “Buy” and a consensus target price of $274.05.

NYSE:DPZ opened at $267.75 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.61 and a debt-to-equity ratio of -1.16. Domino’s Pizza has a twelve month low of $166.74 and a twelve month high of $305.34. The stock 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 (NYSE:DPZ) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $789.10 million. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in DPZ. Redpoint Investment Management Pty Ltd boosted its position in shares of Domino’s Pizza by 2.8% in the second quarter. Redpoint Investment Management Pty Ltd now owns 9,910 shares of the restaurant operator’s stock worth $2,796,000 after acquiring an additional 272 shares during the last quarter. Roosevelt Investment Group Inc. acquired a new stake in shares of Domino’s Pizza in the second quarter worth approximately $215,000. Morgan Stanley boosted its position in shares of Domino’s Pizza by 36.3% in the second quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock worth $81,849,000 after acquiring an additional 77,244 shares during the last quarter. Sawtooth Solutions LLC acquired a new stake in shares of Domino’s Pizza in the second quarter worth approximately $227,000. Finally, KBC Group NV boosted its position in shares of Domino’s Pizza by 14.7% in the second quarter. KBC Group NV now owns 3,708 shares of the restaurant operator’s stock worth $1,047,000 after acquiring an additional 474 shares during the last quarter. 92.94% of the stock is currently owned by institutional investors.

In other Domino’s Pizza news, insider J Patrick Doyle sold 25,600 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $301.15, for a total transaction of $7,709,440.00. Following the sale, the insider now directly owns 49,670 shares of the company’s stock, valued at approximately $14,958,120.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 13,738 shares in the company, valued at $4,037,323.44. The disclosure for this sale can be found here. Insiders have sold a total of 40,004 shares of company stock worth $11,956,888 over the last ninety days. 3.97% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid 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%.

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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Earnings History and Estimates for Domino`s Pizza (NYSE:DPZ)

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