Domino’s Pizza Inc. (DPZ) Trading Down 1.8%
Domino’s Pizza Inc. (NYSE:DPZ) traded down 1.8% during mid-day trading on Friday . The company traded as low as $147.15 and last traded at $147.59, with a volume of 349,667 shares trading hands. The stock had previously closed at $150.24.
A number of equities research analysts have recently issued reports on the stock. Maxim Group reissued a “hold” rating and set a $127.00 price objective (down previously from $138.00) on shares of Domino’s Pizza in a research report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Domino’s Pizza in a research report on Friday, April 29th. Morgan Stanley reissued a “hold” rating and set a $130.00 price objective on shares of Domino’s Pizza in a research report on Friday, April 29th. Finally, Vetr raised shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating and set a $141.00 price objective for the company in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $135.73.
The company has a market cap of $7.16 billion and a price-to-earnings ratio of 39.93. The company has a 50 day moving average of $143.66 and a 200 day moving average of $131.04.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. The company earned $547.34 million during the quarter, compared to analysts’ expectations of $533.44 million. During the same period in the prior year, the business posted $0.81 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza Inc. will post $4.13 earnings per share for the current year.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the transaction, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $147.66, for a total transaction of $457,007.70. Following the transaction, the director now directly owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Domino’s Pizza stock. Utah Retirement Systems raised its stake in Domino’s Pizza Inc. (NYSE:DPZ) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the company’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Domino’s Pizza were worth $1,113,000 at the end of the most recent reporting period.
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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