Domino’s Pizza, Inc. (NYSE:DPZ) has earned an average rating of “Buy” from the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $297.78.
A number of analysts have recently weighed in on DPZ shares. TheStreet lowered shares of TIM Participacoes from a “b” rating to a “c+” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Altagas in a research note on Tuesday, March 19th. Credit Suisse Group started coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They issued a “neutral” rating for the company. Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. Finally, Morgan Stanley reduced their price target on shares of RPC from $12.00 to $9.50 and set an “underperform” rating for the company in a research note on Thursday, April 25th.
In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total value of $2,791,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.62% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Standard Life Aberdeen plc raised its holdings in shares of Domino’s Pizza by 146.3% during the fourth quarter. Standard Life Aberdeen plc now owns 5,288 shares of the restaurant operator’s stock valued at $1,313,000 after acquiring an additional 3,141 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Domino’s Pizza by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock valued at $1,067,000 after acquiring an additional 110 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Domino’s Pizza by 6.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,627 shares of the restaurant operator’s stock valued at $2,635,000 after acquiring an additional 615 shares during the period. First Allied Advisory Services Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $235,000. Finally, GAM Holding AG raised its holdings in shares of Domino’s Pizza by 25.1% during the first quarter. GAM Holding AG now owns 4,757 shares of the restaurant operator’s stock valued at $1,228,000 after acquiring an additional 955 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.
Shares of NYSE:DPZ traded up $4.47 during trading on Friday, reaching $282.11. The company had a trading volume of 571,100 shares, compared to its average volume of 766,670. The business’s fifty day moving average is $280.38. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.01 and a beta of 0.48. Domino’s Pizza has a twelve month low of $231.28 and a twelve month high of $305.34.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.13. The company had revenue of $835.96 million during the quarter, compared to analyst estimates of $852.59 million. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 EPS. On average, analysts anticipate that Domino’s Pizza will post 9.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.65 dividend. The ex-dividend date was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.92%. Domino’s Pizza’s payout ratio is currently 30.88%.
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 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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