Domino’s Pizza (DPZ) Stock Rating Reaffirmed by Maxim Group
Domino’s Pizza (NYSE:DPZ)‘s stock had its “buy” rating reiterated by investment analysts at Maxim Group in a note issued to investors on Friday, November 16th. They currently have a $310.00 price objective on the restaurant operator’s stock. Maxim Group’s target price would indicate a potential upside of 20.01% from the company’s previous close.
The analysts wrote, “We maintain our Buy rating and $310 price target on Domino’s Pizza (DPZ) following our visit yesterday to the company’s new supply chain facility in Edison, NJ. After our visit, we are more confident in our view that DPZ will realize supply chain efficiency gains beginning in 2H19, rather than in 2020. We also expect continued best-in-class performance for DPZ’s U.S. operations as the company gains additional market share. Our EPS estimates are unchanged at $2.86 for 4Q18 (vs. $2.72 2019 (vs. $9.53 2020 (vs. $11.13 Street).””
A number of other research firms also recently weighed in on DPZ. Zacks Investment Research raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Wells Fargo & Co upped their price target on shares of Domino’s Pizza from $255.00 to $260.00 and gave the stock a “market perform” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Barclays upped their price target on shares of Domino’s Pizza from $241.00 to $262.00 and gave the stock an “equal weight” rating in a research note on Friday, July 20th. Guggenheim reiterated a “buy” rating and issued a $303.00 price target on shares of Domino’s Pizza in a research note on Friday, July 20th. Finally, Stephens upped their price target on shares of Domino’s Pizza from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, July 20th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Domino’s Pizza presently has an average rating of “Buy” and a consensus target price of $277.00.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.20. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 EPS. As a group, analysts expect that Domino’s Pizza will post 8.44 EPS for the current fiscal year.
In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $279.31, for a total value of $1,396,550.00. Following the completion of the sale, the chief executive officer now directly owns 44,864 shares of the company’s stock, valued at approximately $12,530,963.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.97% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DPZ. FMR LLC increased its holdings in Domino’s Pizza by 150.2% in the 2nd quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock worth $334,186,000 after acquiring an additional 711,035 shares in the last quarter. BlackRock Inc. grew its holdings in Domino’s Pizza by 5.8% during the 2nd quarter. BlackRock Inc. now owns 5,316,377 shares of the restaurant operator’s stock valued at $1,500,121,000 after buying an additional 292,482 shares in the last quarter. Capital International Investors purchased a new stake in Domino’s Pizza during the 3rd quarter valued at approximately $59,744,000. Massachusetts Financial Services Co. MA grew its holdings in Domino’s Pizza by 319.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 225,664 shares of the restaurant operator’s stock valued at $66,526,000 after buying an additional 171,832 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Domino’s Pizza by 38.4% during the 3rd quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock valued at $163,452,000 after buying an additional 153,951 shares in the last quarter. 90.51% 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 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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