Domino’s Pizza (DPZ) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Domino’s Pizza (NYSE:DPZ) from a hold rating to a buy rating in a research report released on Wednesday, May 8th, ValuEngine reports.

A number of other brokerages also recently issued reports on DPZ. Morgan Stanley upgraded Domino’s Pizza from an equal weight rating to an overweight rating and set a $260.90 price target on the stock in a report on Wednesday, April 17th. Bank of America lifted their price target on Domino’s Pizza from $290.00 to $300.00 and gave the company a buy rating in a report on Thursday, April 25th. Stephens lifted their price target on Domino’s Pizza from $310.00 to $325.00 and gave the company an overweight rating in a report on Thursday, April 25th. Citigroup lifted their price target on Domino’s Pizza from $282.00 to $298.00 and gave the company a neutral rating in a report on Wednesday, May 8th. Finally, FIG Partners reissued an outperform rating and issued a $310.00 price objective (up previously from $280.00) on shares of Domino’s Pizza in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $297.16.

DPZ traded down $2.23 during trading on Wednesday, hitting $275.05. 48,943 shares of the stock were exchanged, compared to its average volume of 499,172. The company has a market capitalization of $11.42 billion, a P/E ratio of 32.67, a PEG ratio of 2.03 and a beta of 0.57. Domino’s Pizza has a 1 year low of $231.28 and a 1 year high of $305.34.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, topping the consensus estimate of $2.07 by $0.13. The company had revenue of $835.96 million for the quarter, compared to the consensus estimate of $852.59 million. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. Equities analysts anticipate that Domino’s Pizza will post 9.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio is currently 30.88%.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Goldman sold 1,190 shares of Domino’s Pizza stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $247.24, for a total value of $294,215.60. Following the sale, the director now directly owns 7,695 shares of the company’s stock, valued at approximately $1,902,511.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,190 shares of company stock valued at $4,106,116. 1.62% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. FMR LLC lifted its position in Domino’s Pizza by 51.2% during the 4th quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock worth $512,206,000 after acquiring an additional 699,502 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 375.3% in the 1st quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock valued at $225,544,000 after buying an additional 690,006 shares during the period. Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $116,931,000. Wells Fargo & Company MN lifted its holdings in shares of Domino’s Pizza by 264.0% in the 1st quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock valued at $124,415,000 after buying an additional 349,600 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Domino’s Pizza by 95.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 691,399 shares of the restaurant operator’s stock valued at $178,450,000 after buying an additional 337,905 shares during the period. 97.31% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

Further Reading: How to interpret a stock’s beta number

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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