Q1 2018 EPS Estimates for Domino's Pizza, Inc. Increased by Oppenheimer (DPZ)

Domino's Pizza, Inc. (NYSE:DPZ) – Equities researchers at Oppenheimer raised their Q1 2018 earnings per share estimates for Domino's Pizza in a report released on Thursday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $1.71 for the quarter, up from their prior estimate of $1.69. Oppenheimer has a “Buy” rating and a $220.00 price target on the stock. Oppenheimer also issued estimates for Domino's Pizza’s Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.77 EPS, Q4 2018 earnings at $2.57 EPS, FY2018 earnings at $7.73 EPS and FY2019 earnings at $9.14 EPS.

Domino's Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS.

A number of other research firms also recently commented on DPZ. Instinet restated a “neutral” rating and set a $201.00 price objective (up from $198.00) on shares of Domino's Pizza in a report on Wednesday, October 4th. Credit Suisse Group assumed coverage on Domino's Pizza in a report on Wednesday, October 4th. They set a “neutral” rating and a $200.00 price objective for the company. Barclays increased their price target on Domino's Pizza from $180.00 to $184.00 and gave the company an “equal weight” rating in a report on Friday, October 13th. Maxim Group reiterated a “hold” rating and issued a $220.00 price target on shares of Domino's Pizza in a report on Friday, October 13th. Finally, Nomura increased their price target on Domino's Pizza to $230.00 and gave the company a “buy” rating in a report on Thursday. Eight 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 $212.42.

Shares of Domino's Pizza (DPZ) opened at $211.15 on Friday. The company has a market capitalization of $9,230.00, a price-to-earnings ratio of 40.22, a PEG ratio of 2.02 and a beta of 0.37. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. Domino's Pizza has a twelve month low of $164.32 and a twelve month high of $221.58.

A number of large investors have recently bought and sold shares of the business. MML Investors Services LLC boosted its position in Domino's Pizza by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 1,405 shares of the restaurant operator’s stock valued at $297,000 after buying an additional 44 shares during the last quarter. Toronto Dominion Bank boosted its position in Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Domino's Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 100 shares during the last quarter. Dorsey Wright & Associates boosted its position in Domino's Pizza by 1.8% in the 2nd quarter. Dorsey Wright & Associates now owns 7,907 shares of the restaurant operator’s stock valued at $1,673,000 after buying an additional 136 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Domino's Pizza by 2.2% in the 2nd quarter. Eaton Vance Management now owns 6,848 shares of the restaurant operator’s stock valued at $1,449,000 after buying an additional 148 shares during the last quarter. 94.18% of the stock is owned by institutional investors.

In other Domino's Pizza news, insider Russell J. Weiner sold 7,276 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeffrey D. Lawrence sold 17,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the transaction, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The disclosure for this sale can be found here. Corporate insiders own 3.57% of the company’s stock.

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About Domino's Pizza

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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