Maxim Group Reiterates Buy Rating for Domino’s Pizza (NYSE:DPZ)

Maxim Group reaffirmed their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note released on Wednesday morning, Briefing.com Automated Import reports. The firm currently has a $300.00 price target on the restaurant operator’s stock, down from their prior price target of $315.00.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a hold rating on shares of Altagas in a research note on Tuesday, March 19th. Stephens restated a hold rating on shares of Carolina Financial in a research note on Thursday, April 25th. TheStreet lowered shares of TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. Morgan Stanley cut their target price on shares of RPC from $12.00 to $9.50 and set an underperform rating on the stock in a research note on Thursday, April 25th. Finally, Bank of America upgraded shares of Air Products & Chemicals from an underperform rating to a neutral rating and upped their target price for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Domino’s Pizza currently has a consensus rating of Buy and a consensus price target of $294.89.

Shares of NYSE:DPZ opened at $257.93 on Wednesday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.85 and a beta of 0.48. The stock’s 50-day simple moving average is $277.86. 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 issued its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.19. The company had revenue of $811.65 million for the quarter, compared to analyst estimates of $834.87 million. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, equities analysts predict that Domino’s Pizza will post 9.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.60 annualized dividend and a yield of 1.01%. 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 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 value of $2,791,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.62% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DPZ. FMR LLC increased its stake in Domino’s Pizza by 51.2% in the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock valued at $512,206,000 after purchasing an additional 699,502 shares during the last quarter. Principal Financial Group Inc. increased its stake in Domino’s Pizza by 375.3% in the first quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock valued at $225,544,000 after purchasing an additional 690,006 shares during the last quarter. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $116,931,000. Wells Fargo & Company MN increased its stake in Domino’s Pizza by 264.0% in the first quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock valued at $124,415,000 after purchasing an additional 349,600 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $43,926,000. Institutional investors own 97.06% 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.

Featured Story: Why do commodities matter?

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.