OTR Global downgraded shares of Domino’s Pizza (NYSE:DPZ) to a positive rating in a research report sent to investors on Wednesday, Benzinga reports. OTR Global currently has $280.00 price objective on the restaurant operator’s stock.
DPZ has been the subject of several other reports. Wells Fargo & Co reiterated a buy rating and issued a $85.00 target price on shares of Carvana in a research note on Monday, July 1st. Bank of America upgraded shares of Air Products & Chemicals from an underperform rating to a neutral rating and raised their target price for the company from $170.00 to $215.00 in a research note on Thursday, April 25th. TheStreet downgraded shares of TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. Stephens restated a hold rating on shares of Carolina Financial in a research report on Thursday, April 25th. Finally, Maxim Group restated a buy rating and set a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $296.63.
Shares of NYSE:DPZ opened at $282.11 on Wednesday. Domino’s Pizza has a 52-week low of $231.28 and a 52-week high of $305.34. The firm has a market cap of $11.60 billion, a P/E ratio of 32.77, a P/E/G ratio of 2.05 and a beta of 0.48. The firm has a 50-day moving average price of $280.35.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The business had revenue of $835.96 million during the quarter, compared to the consensus estimate of $852.59 million. During the same period last year, the business posted $2.00 EPS. Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. Research analysts expect that Domino’s Pizza will post 9.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.60 annualized dividend and a yield of 0.92%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 30.88%.
In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of the firm’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 transaction of $2,791,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.62% of the company’s stock.
A number of hedge funds have recently modified their holdings of DPZ. Standard Life Aberdeen plc raised its position in shares of Domino’s Pizza by 146.3% in the fourth quarter. Standard Life Aberdeen plc now owns 5,288 shares of the restaurant operator’s stock valued at $1,313,000 after buying an additional 3,141 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Domino’s Pizza by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock valued at $1,067,000 after buying an additional 110 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Domino’s Pizza by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,627 shares of the restaurant operator’s stock valued at $2,635,000 after buying an additional 615 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $235,000. Finally, GAM Holding AG raised its position in shares of Domino’s Pizza by 25.1% in the first quarter. GAM Holding AG now owns 4,757 shares of the restaurant operator’s stock valued at $1,228,000 after buying an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.
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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