According to Zacks, “Domino's Pizza’s revenues have surpassed the Zacks Consensus Estimate in six of the last seven quarters. Moreover, the second quarter of 2016 marked the 21st consecutive quarter of positive same-store-sales domestically and 90th quarter of positive comps in the international segment. The company has mixed record of earnings surprises in recent quarters and estimates have been stable lately ahead of the company’s Q3 earnings release. Going forward, the company’s digital ordering system, focus on re-imaging and other sales initiatives are expected to help sustain the momentum. Further, the company’s solid brand positioning will thus help boost sales in the upcoming quarters. However, higher labor costs and expenses related to sales initiatives are likely to dent margins. Moreover, despite the weakening of the U.S. dollar in the first half of 2016 compared to the prior year, currency headwinds are expected to hurt results.”
Several other equities research analysts have also recently issued reports on DPZ. Citigroup Inc. raised their target price on shares of Domino’s Pizza from $137.00 to $159.00 and gave the stock a neutral rating in a report on Tuesday, September 13th. TheStreet upgraded shares of Domino’s Pizza from a hold rating to a buy rating in a report on Monday, July 25th. Nomura cut shares of Domino’s Pizza from a buy rating to a neutral rating and set a $135.00 target price on the stock. in a report on Wednesday, June 22nd. Maxim Group raised their target price on shares of Domino’s Pizza from $127.00 to $135.00 and gave the stock a hold rating in a report on Friday, July 22nd. Finally, Beaufort Securities restated a buy rating on shares of Domino’s Pizza in a report on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Domino’s Pizza presently has a consensus rating of Hold and a consensus target price of $139.96.
Domino’s Pizza (NYSE:DPZ) opened at 151.75 on Tuesday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 40.85 and a beta of 0.78. The company has a 50-day moving average of $149.78 and a 200 day moving average of $135.93. Domino’s Pizza has a 12 month low of $100.56 and a 12 month high of $155.10.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.04. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The company had revenue of $547.34 million for the quarter, compared to analysts’ expectations of $533.44 million. During the same quarter last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza will post $4.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.00%. Domino’s Pizza’s payout ratio is 40.86%.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the transaction, the insider now directly owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $147.66, for a total transaction of $457,007.70. Following the transaction, the director now directly owns 15,167 shares of the company’s stock, valued at $2,239,559.22. The disclosure for this sale can be found here. Corporate insiders own 5.03% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new position in Domino’s Pizza during the second quarter valued at $1,117,000. Northwestern Mutual Investment Management Company LLC boosted its position in Domino’s Pizza by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,658 shares of the company’s stock valued at $1,137,000 after buying an additional 62 shares during the last quarter. Mason Street Advisors LLC bought a new position in Domino’s Pizza during the second quarter valued at $3,005,000. Public Employees Retirement System of Ohio boosted its position in Domino’s Pizza by 127.0% in the second quarter. Public Employees Retirement System of Ohio now owns 37,679 shares of the company’s stock valued at $4,950,000 after buying an additional 21,079 shares during the last quarter. Finally, Calvert Investment Management Inc. boosted its position in Domino’s Pizza by 4.3% in the second quarter. Calvert Investment Management Inc. now owns 3,027 shares of the company’s stock valued at $398,000 after buying an additional 125 shares during the last quarter. 95.61% of the stock is owned by institutional investors.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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