Shares of Domino’s Pizza (NYSE:DPZ) have received a consensus recommendation of “Buy” from the twenty-three ratings firms that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $235.05.
Several brokerages recently weighed in on DPZ. Citigroup upped their price target on Domino’s Pizza from $217.00 to $232.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Bank of America set a $245.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price target (up from $200.00) on shares of Domino’s Pizza in a research note on Wednesday, February 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $245.00 price target (up from $235.00) on shares of Domino’s Pizza in a research note on Wednesday, February 21st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Synovus Financial Corp lifted its holdings in shares of Domino’s Pizza by 23.8% during the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 246 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Domino’s Pizza by 41.8% during the fourth quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 848 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of Domino’s Pizza during the third quarter valued at $562,000. Highbridge Capital Management LLC bought a new position in Domino’s Pizza in the third quarter valued at about $8,010,000. Finally, Nordea Investment Management AB lifted its holdings in Domino’s Pizza by 2,024.5% in the third quarter. Nordea Investment Management AB now owns 27,725 shares of the restaurant operator’s stock valued at $5,505,000 after acquiring an additional 26,420 shares during the period. 94.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Domino’s Pizza (NYSE:DPZ) traded up $3.21 during mid-day trading on Friday, reaching $230.88. The company had a trading volume of 233,578 shares, compared to its average volume of 1,075,419. The stock has a market capitalization of $9,885.16, a PE ratio of 39.64, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. Domino’s Pizza has a 12 month low of $166.74 and a 12 month high of $236.00. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.36 and a current ratio of 1.46.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The company had revenue of $891.50 million for the quarter, compared to analysts’ expectations of $904.79 million. Domino’s Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. equities research analysts predict that Domino’s Pizza will post 7.93 earnings per share for the current year.
Domino’s Pizza announced that its board has approved a share repurchase program on Tuesday, February 20th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.55 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, March 14th. Domino’s Pizza’s dividend payout ratio is currently 37.61%.
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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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