Domino’s Pizza, Inc. (DPZ) Given Consensus Recommendation of “Buy” by Analysts
Domino’s Pizza, Inc. (NYSE:DPZ) has received a consensus recommendation of “Buy” from the twenty-one research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $298.33.
Several equities analysts have recently issued reports on DPZ shares. Wells Fargo & Co lifted their price target on Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on Domino’s Pizza from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 19th. ValuEngine cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Maxim Group reiterated a “buy” rating and set a $305.00 price target (down from $310.00) on shares of Domino’s Pizza in a research report on Friday, February 22nd. Finally, Citigroup decreased their target price on Domino’s Pizza from $293.00 to $282.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th.
In related news, Director James A. Goldman sold 1,190 shares of Domino’s Pizza stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $247.24, for a total value of $294,215.60. Following the transaction, the director now directly owns 7,695 shares in the company, valued at approximately $1,902,511.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The disclosure for this sale can be found here. Insiders sold a total of 15,190 shares of company stock worth $4,106,116 over the last 90 days. Insiders own 1.62% of the company’s stock.
Shares of DPZ stock traded up $0.88 during mid-day trading on Thursday, hitting $285.31. 404,400 shares of the stock traded hands, compared to its average volume of 852,122. Domino’s Pizza has a twelve month low of $231.28 and a twelve month high of $305.34. The stock has a market cap of $11.71 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The company had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. During the same period last year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Domino’s Pizza will post 9.31 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, June 13th. Domino’s Pizza’s payout ratio is 30.88%.
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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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