Domino’s Pizza (NYSE:DPZ) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Domino’s Pizza (NYSE:DPZ) from a c+ rating to a b- rating in a report issued on Tuesday, June 4th, TheStreetRatingsTable reports.

DPZ has been the topic of a number of other research reports. Maxim Group reiterated a buy rating and issued a $305.00 price target (down previously from $310.00) on shares of Domino’s Pizza in a research note on Friday, February 22nd. Wells Fargo & Co decreased their price target on shares of Domino’s Pizza from $250.00 to $240.00 and set a market perform rating on the stock in a research note on Tuesday, April 16th. ValuEngine lowered shares of Domino’s Pizza from a buy rating to a hold rating in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of Domino’s Pizza from a hold rating to a sell rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a neutral rating to an overweight rating and upped their price target for the company from $94.00 to $270.00 in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $297.00.

NYSE:DPZ traded up $0.34 on Tuesday, hitting $278.28. 568,173 shares of the company’s stock were exchanged, compared to its average volume of 534,938. The business has a 50-day simple moving average of $280.88. The stock has a market capitalization of $11.44 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.03 and a beta of 0.53. Domino’s Pizza has a 52 week low of $231.28 and a 52 week high of $305.34.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The company had revenue of $835.96 million for the quarter, compared to analysts’ expectations of $852.59 million. During the same period in the prior year, the firm earned $2.00 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Domino’s Pizza will post 9.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.93%. Domino’s Pizza’s payout ratio is presently 30.88%.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of Domino’s Pizza by 613.3% during the 4th quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 92 shares in the last quarter. Field & Main Bank acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $32,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $37,000. Ffcm LLC boosted its position in shares of Domino’s Pizza by 91.1% during the 4th quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 82 shares in the last quarter. Finally, Institutional & Family Asset Management LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Domino’s Pizza Company Profile

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.

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

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