Domino’s Pizza (DPZ) Price Target Raised to $305.00 at Maxim Group

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Domino’s Pizza (NYSE:DPZ) had its price objective boosted by Maxim Group from $285.00 to $305.00 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

“We maintain our Hold rating on Domino’s Pizza (DPZ), though raise our price target to $305, from $285, following the investor meeting we hosted with management last week at the company’s Ann Arbor, MI headquarters.”,” the firm’s analyst wrote.

A number of other equities research analysts have also weighed in on DPZ. Citigroup boosted their target price on shares of Domino’s Pizza from $232.00 to $281.00 and gave the company a neutral rating in a research note on Thursday, June 14th. Zacks Investment Research lowered shares of Domino’s Pizza from a buy rating to a hold rating in a research note on Thursday, June 14th. Bank of America boosted their target price on shares of Domino’s Pizza from $285.00 to $305.00 and gave the company a buy rating in a research note on Thursday, June 14th. Stifel Nicolaus reiterated a buy rating and set a $300.00 target price (up from $275.00) on shares of Domino’s Pizza in a research note on Friday, June 15th. Finally, TheStreet upgraded shares of Domino’s Pizza from a c+ rating to a b rating in a research note on Friday, June 15th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $272.68.

DPZ stock traded down $3.03 during midday trading on Wednesday, hitting $271.89. The company’s stock had a trading volume of 17,741 shares, compared to its average volume of 719,089. The stock has a market capitalization of $12.34 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.23. Domino’s Pizza has a 12 month low of $166.74 and a 12 month high of $305.34. The company has a current ratio of 1.81, a quick ratio of 1.70 and a debt-to-equity ratio of -1.17.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.10. The business had revenue of $779.40 million during the quarter, compared to analyst estimates of $786.88 million. Domino’s Pizza had a net margin of 10.19% and a negative return on equity of 11.29%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. On average, research analysts predict that Domino’s Pizza will post 8.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.55 dividend. The ex-dividend date was Thursday, September 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.81%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.20%.

In other Domino’s Pizza news, COO Russell J. Weiner sold 4,404 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the sale, the chief operating officer now owns 13,738 shares in the company, valued at approximately $4,037,323.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider J Patrick Doyle sold 25,600 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the completion of the sale, the insider now owns 49,670 shares of the company’s stock, valued at approximately $14,958,120.50. The disclosure for this sale can be found here. Insiders sold a total of 40,004 shares of company stock valued at $11,956,888 over the last 90 days. 3.97% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB lifted its stake in Domino’s Pizza by 1.5% in the second quarter. Xact Kapitalforvaltning AB now owns 12,262 shares of the restaurant operator’s stock worth $3,460,000 after purchasing an additional 180 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Domino’s Pizza by 13.3% in the second quarter. Eagle Asset Management Inc. now owns 1,632 shares of the restaurant operator’s stock worth $460,000 after purchasing an additional 191 shares during the last quarter. Arrow Financial Corp lifted its stake in Domino’s Pizza by 1.4% in the third quarter. Arrow Financial Corp now owns 15,215 shares of the restaurant operator’s stock worth $4,485,000 after purchasing an additional 215 shares during the last quarter. Redpoint Investment Management Pty Ltd lifted its stake in Domino’s Pizza by 2.8% in the second quarter. Redpoint Investment Management Pty Ltd now owns 9,910 shares of the restaurant operator’s stock worth $2,796,000 after purchasing an additional 272 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Domino’s Pizza by 19.6% in the second quarter. Oppenheimer & Co. Inc. now owns 1,975 shares of the restaurant operator’s stock worth $557,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

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 through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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

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