Domino’s Pizza Inc (NYSE:DPZ) Receives $182.23 Consensus PT from Brokerages

Domino’s Pizza Inc (NYSE:DPZ) has received a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $193.93.

Several analysts have issued reports on DPZ shares. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $236.00 price target on the stock in a research note on Monday, June 19th. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Bank of America Corporation raised their price objective on Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. BTIG Research restated a “buy” rating and issued a $233.00 price objective (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Finally, Guggenheim initiated coverage on Domino’s Pizza in a report on Friday, April 21st. They issued a “buy” rating and a $192.00 price objective for the company.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC increased its position in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 4 shares in the last quarter. M Holdings Securities Inc. increased its position in shares of Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 19 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Domino’s Pizza by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 1,996 shares of the restaurant operator’s stock valued at $422,000 after buying an additional 25 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Domino’s Pizza by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock valued at $2,528,000 after buying an additional 30 shares in the last quarter. Finally, Tyers Asset Management LLC increased its position in shares of Domino’s Pizza by 2.7% in the first quarter. Tyers Asset Management LLC now owns 1,840 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 98.55% of the company’s stock.

Domino’s Pizza (NYSE DPZ) opened at 193.83 on Monday. The stock has a market cap of $9.35 billion, a PE ratio of 38.52 and a beta of 0.35. Domino’s Pizza has a 52-week low of $143.47 and a 52-week high of $221.58. The firm has a 50-day moving average price of $204.95 and a 200 day moving average price of $193.17.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business had revenue of $628.61 million for the quarter, compared to the consensus estimate of $609.87 million. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Domino’s Pizza will post $5.70 earnings per share for the current year.

Domino’s Pizza declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio is currently 36.65%.

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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