Domino’s Pizza Inc (DPZ) Stock Rating Reaffirmed by Morgan Stanley
Morgan Stanley reiterated their equal weight rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a report released on Saturday. The brokerage currently has a $170.00 price target on the stock, up from their prior price target of $155.00.
Other equities research analysts have also recently issued research reports about the company. Peel Hunt restated a buy rating on shares of Domino’s Pizza in a research note on Thursday, October 13th. Nomura boosted their target price on Domino’s Pizza to $152.00 in a research note on Wednesday, October 19th. Jefferies Group restated a neutral rating and issued a $150.00 target price (up previously from $135.00) on shares of Domino’s Pizza in a research note on Wednesday, October 19th. Barclays PLC restated an equal weight rating and issued a $144.00 target price (up previously from $132.00) on shares of Domino’s Pizza in a research note on Friday, October 21st. Finally, N+1 Singer restated a hold rating on shares of Domino’s Pizza in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Domino’s Pizza presently has an average rating of Hold and a consensus price target of $155.65.
Shares of Domino’s Pizza (NYSE:DPZ) opened at 167.16 on Friday. The stock has a 50 day moving average price of $164.42 and a 200 day moving average price of $154.31. Domino’s Pizza has a 52-week low of $101.30 and a 52-week high of $172.62. The company has a market capitalization of $8.04 billion, a PE ratio of 41.56 and a beta of 0.59.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Domino’s Pizza had a negative return on equity of 11.03% and a net margin of 8.55%. The business had revenue of $566.70 million for the quarter, compared to analysts’ expectations of $339.32 million. During the same quarter in the previous year, the business posted $0.67 EPS. Domino’s Pizza’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, analysts predict that Domino’s Pizza will post $4.25 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Tuesday, December 13th. Domino’s Pizza’s dividend payout ratio is 37.91%.
In other Domino’s Pizza news, Director Vernon O. Hamilton sold 4,000 shares of the company’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $165.28, for a total value of $661,120.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the company’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $164.88, for a total value of $3,297,600.00. Following the completion of the transaction, the insider now directly owns 42,080 shares in the company, valued at $6,938,150.40. The disclosure for this sale can be found here. 5.03% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont raised its position in shares of Domino’s Pizza by 354.7% in the third quarter. Trust Co. of Vermont now owns 782 shares of the company’s stock worth $119,000 after buying an additional 610 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Domino’s Pizza by 850.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 950 shares of the company’s stock worth $125,000 after buying an additional 850 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Domino’s Pizza by 430.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,076 shares of the company’s stock worth $141,000 after buying an additional 873 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Domino’s Pizza during the second quarter worth $145,000. Finally, Nordea Investment Management AB bought a new stake in Domino’s Pizza during the second quarter worth $182,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
Domino’s Pizza Company Profile
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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