Deutsche Bank Initiates Coverage on Domino's Pizza (DPZ)

Deutsche Bank began coverage on shares of Domino's Pizza (NYSE:DPZ) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $210.00 price target on the restaurant operator’s stock. Deutsche Bank’s price target would indicate a potential upside of 12.26% from the company’s current price.

Several other equities analysts have also issued reports on DPZ. Zacks Investment Research raised Domino's Pizza from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday, August 28th. Maxim Group raised Domino's Pizza from a “hold” rating to a “buy” rating and lifted their price target for the stock from $220.00 to $230.00 in a research report on Thursday, November 2nd. Credit Suisse Group lifted their price target on Domino's Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Guggenheim reaffirmed a “buy” rating and issued a $230.00 price target on shares of Domino's Pizza in a research report on Friday, October 13th. Finally, Barclays lifted their price target on Domino's Pizza from $180.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Friday, October 13th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.28.

Domino's Pizza (DPZ) opened at $187.06 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of -1.13. The company has a market capitalization of $8,134.55, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. Domino's Pizza has a 52-week low of $156.26 and a 52-week high of $221.58.

Domino's Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. Domino's Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. equities research analysts forecast that Domino's Pizza will post 5.79 EPS for the current fiscal year.

In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $184.87, for a total value of $3,142,790.00. Following the completion of the sale, the chief financial officer now directly owns 26,841 shares in the company, valued at approximately $4,962,095.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Russell J. Weiner sold 7,276 shares of Domino's Pizza stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now owns 17,563 shares of the company’s stock, valued at $3,424,785. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Commonwealth Bank of Australia increased its holdings in Domino's Pizza by 25.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after buying an additional 100 shares in the last quarter. Toronto Dominion Bank increased its holdings in Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Domino's Pizza in the 2nd quarter worth about $127,000. FNY Partners Fund LP bought a new stake in Domino's Pizza in the 3rd quarter worth about $158,000. Finally, Synovus Financial Corp bought a new stake in Domino's Pizza in the 3rd quarter worth about $206,000. Institutional investors own 94.18% of the company’s stock.

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About Domino's Pizza

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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