Traders Buy Shares of Domino’s Pizza Inc (DPZ) on Weakness
Traders bought shares of Domino’s Pizza Inc (NYSE:DPZ) on weakness during trading on Tuesday. $72.06 million flowed into the stock on the tick-up and $42.70 million flowed out of the stock on the tick-down, for a money net flow of $29.36 million into the stock. Of all stocks tracked, Domino’s Pizza had the 23rd highest net in-flow for the day. Domino’s Pizza traded down ($0.92) for the day and closed at $192.27
Several equities research analysts have weighed in on the company. BidaskClub upgraded Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $215.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 25th. Instinet reiterated a “neutral” rating and issued a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $212.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 18th. Finally, Credit Suisse Group started coverage on Domino’s Pizza in a report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $205.18.
The company has a market capitalization of $9.28 billion, a P/E ratio of 38.21 and a beta of 0.36. The firm’s 50-day moving average price is $193.73 and its 200-day moving average price is $196.44.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The company 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 revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts forecast that Domino’s Pizza Inc will post $5.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued 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 0.96%. Domino’s Pizza’s dividend payout ratio is currently 35.11%.
Domino’s Pizza announced that its board has authorized a share repurchase program 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 programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of DPZ. UBS Asset Management Americas Inc. lifted its holdings in Domino’s Pizza by 9.5% during the first quarter. UBS Asset Management Americas Inc. now owns 108,684 shares of the restaurant operator’s stock worth $20,030,000 after buying an additional 9,434 shares during the period. Sei Investments Co. lifted its holdings in Domino’s Pizza by 18.1% during the first quarter. Sei Investments Co. now owns 2,807 shares of the restaurant operator’s stock worth $517,000 after buying an additional 431 shares during the period. Victory Capital Management Inc. lifted its holdings in Domino’s Pizza by 39.1% during the first quarter. Victory Capital Management Inc. now owns 7,593 shares of the restaurant operator’s stock worth $1,399,000 after buying an additional 2,136 shares during the period. Wellington Management Group LLP lifted its holdings in Domino’s Pizza by 12.6% during the first quarter. Wellington Management Group LLP now owns 192,266 shares of the restaurant operator’s stock worth $35,435,000 after buying an additional 21,499 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Domino’s Pizza by 20.3% during the first quarter. Legal & General Group Plc now owns 63,124 shares of the restaurant operator’s stock worth $11,634,000 after buying an additional 10,663 shares during the period. Institutional investors own 94.32% of the company’s stock.
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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.
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