Domino’s Pizza Inc (NYSE:DPZ) Downgraded by BidaskClub

Domino’s Pizza Inc (NYSE:DPZ) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

A number of other research firms have also issued reports on DPZ. BTIG Research reissued a “buy” rating and issued a $233.00 price target (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Instinet reaffirmed a “neutral” rating and set a $196.00 price objective (up previously from $174.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $185.00 price objective (up previously from $180.00) on shares of Domino’s Pizza in a research report on Saturday, April 29th. Finally, Guggenheim started coverage on shares of Domino’s Pizza in a research report on Friday, April 21st. They set a “buy” rating and a $192.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $185.59.

Shares of Domino’s Pizza (DPZ) opened at 208.25 on Tuesday. The stock has a market capitalization of $10.01 billion, a P/E ratio of 44.53 and a beta of 0.38. Domino’s Pizza has a 12-month low of $134.78 and a 12-month high of $221.58. The company has a 50-day moving average of $208.49 and a 200-day moving average of $185.44.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $615.66 million. Domino’s Pizza had a net margin of 9.06% and a negative return on equity of 12.21%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Equities analysts expect that Domino’s Pizza will post $5.45 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. V Wealth Management LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $293,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Domino’s Pizza by 513.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,791 shares of the restaurant operator’s stock valued at $1,648,000 after buying an additional 6,520 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $160,000. State of Alaska Department of Revenue increased its stake in shares of Domino’s Pizza by 6.3% in the second quarter. State of Alaska Department of Revenue now owns 6,819 shares of the restaurant operator’s stock valued at $1,442,000 after buying an additional 407 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Domino’s Pizza by 418.5% in the second quarter. Creative Planning now owns 5,958 shares of the restaurant operator’s stock valued at $1,260,000 after buying an additional 4,809 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Domino’s Pizza Company Profile

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.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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