Domino’s Pizza Inc (DPZ) To Go Ex-Dividend on September 14th
Domino’s Pizza Inc (NYSE:DPZ) announced a quarterly dividend on Thursday, July 27th, Zacks reports. Investors of record on Friday, September 15th will be given a dividend of 0.46 per share by the restaurant operator on Friday, September 29th. This represents a $1.84 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 14th.
Domino’s Pizza has raised its dividend by an average of 23.9% per year over the last three years and has raised its dividend every year for the last 3 years. Domino’s Pizza has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Domino’s Pizza to earn $6.80 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 27.1%.
Shares of Domino’s Pizza (DPZ) opened at 189.92 on Wednesday. Domino’s Pizza has a 52-week low of $148.95 and a 52-week high of $221.58. The stock has a market capitalization of $9.16 billion, a PE ratio of 37.74 and a beta of 0.36. The company’s 50 day moving average price is $188.18 and its 200 day moving average price is $194.28.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results 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 firm had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same period in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post $5.69 EPS for the current year.
Domino’s Pizza declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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DPZ has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on Domino’s Pizza in a research report on Tuesday, May 23rd. They set a “market perform” rating and a $210.00 target price on the stock. Maxim Group upped their target price on Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, June 1st. BTIG Research reaffirmed a “buy” rating and set a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Longbow Research lowered Domino’s Pizza from a “buy” rating to a “neutral” rating in a research report on Friday, June 9th. Finally, Bank of America Corporation upped their target price on Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $193.90.
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.
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