Domino’s Pizza Inc. (DPZ) Sees Unusually-High Trading Volume
Domino’s Pizza Inc. (NYSE:DPZ) saw an uptick in trading volume on Wednesday . 1,275,566 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 940,891 shares.The stock last traded at $136.81 and had previously closed at $135.55.
A number of brokerages have commented on DPZ. Maxim Group reissued a “hold” rating and issued a $127.00 price objective (down from $138.00) on shares of Domino’s Pizza in a research report on Wednesday, May 4th. Nomura downgraded shares of Domino’s Pizza from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 22nd. 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. Finally, Vetr downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating and set a $141.50 target price on the stock. in a research report on Thursday, April 7th. Fourteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $129.88.
The company has a market capitalization of $6.87 billion and a price-to-earnings ratio of 38.54. The stock’s 50-day moving average price is $129.20 and its 200 day moving average price is $124.39.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.09. During the same period in the previous year, the business posted $0.81 EPS. The company had revenue of $539.18 million for the quarter, compared to analyst estimates of $545.58 million. The company’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that Domino’s Pizza Inc. will post $4.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%.
Several hedge funds recently modified their holdings of the company. WBI Investments Inc. bought a new stake in shares of Domino’s Pizza during the fourth quarter worth about $8,503,000. UBS Oconnor LLC raised its stake in shares of Domino’s Pizza by 2,078.5% in the fourth quarter. UBS Oconnor LLC now owns 119,732 shares of the company’s stock worth $13,320,000 after buying an additional 114,236 shares during the period. Whittier Trust Co. raised its stake in shares of Domino’s Pizza by 1.1% in the fourth quarter. Whittier Trust Co. now owns 16,427 shares of the company’s stock worth $1,828,000 after buying an additional 172 shares during the period. Schroder Investment Management Group raised its stake in shares of Domino’s Pizza by 21.6% in the fourth quarter. Schroder Investment Management Group now owns 388,248 shares of the company’s stock worth $43,193,000 after buying an additional 69,000 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Domino’s Pizza by 1,472.2% in the fourth quarter. Bank of Montreal Can now owns 23,048 shares of the company’s stock worth $2,564,000 after buying an additional 21,582 shares during the 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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