Maxim Group reiterated their hold rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a research note released on Friday. The brokerage currently has a $220.00 target price on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. Argus lowered Domino’s Pizza from a buy rating to a hold rating and lifted their target price for the stock from $145.00 to $183.30 in a research report on Friday, August 25th. BidaskClub lowered Domino’s Pizza from a strong-buy rating to a buy rating in a research report on Tuesday, July 18th. Zacks Investment Research lowered Domino’s Pizza from a buy rating to a hold rating in a research report on Tuesday, September 26th. Credit Suisse Group initiated coverage on Domino’s Pizza in a research report on Wednesday, October 4th. They issued a neutral rating and a $200.00 target price for the company. Finally, Instinet reiterated a neutral rating and issued a $198.00 target price (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $205.18.

Shares of Domino’s Pizza (NYSE DPZ) traded down 4.00% during midday trading on Friday, reaching $192.98. The company’s stock had a trading volume of 2,574,367 shares. Domino’s Pizza has a 1-year low of $151.23 and a 1-year high of $221.58. The company’s 50-day moving average price is $193.30 and its 200 day moving average price is $196.26. The firm has a market capitalization of $9.31 billion, a PE ratio of 38.35 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm 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%. Domino’s Pizza’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Domino’s Pizza will post $5.71 earnings per share for the current year.

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Domino’s Pizza declared that its board has initiated a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 13.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio is currently 35.11%.

A number of large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its stake in Domino’s Pizza by 9.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 108,684 shares of the restaurant operator’s stock valued at $20,030,000 after acquiring an additional 9,434 shares in the last quarter. Sei Investments Co. raised its stake in Domino’s Pizza by 18.1% during the 1st quarter. Sei Investments Co. now owns 2,807 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 431 shares in the last quarter. Victory Capital Management Inc. raised its stake in Domino’s Pizza by 39.1% during the 1st quarter. Victory Capital Management Inc. now owns 7,593 shares of the restaurant operator’s stock valued at $1,399,000 after acquiring an additional 2,136 shares in the last quarter. Wellington Management Group LLP raised its stake in Domino’s Pizza by 12.6% during the 1st quarter. Wellington Management Group LLP now owns 192,266 shares of the restaurant operator’s stock valued at $35,435,000 after acquiring an additional 21,499 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Domino’s Pizza by 20.3% during the 1st quarter. Legal & General Group Plc now owns 63,124 shares of the restaurant operator’s stock valued at $11,634,000 after acquiring an additional 10,663 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

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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