Domino’s Pizza’s (NYSE:DPZ) “Market Perform” Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reaffirmed their market perform rating on shares of Domino’s Pizza Inc (NYSE:DPZ) in a report released on Tuesday, July 18th. The brokerage currently has a $212.00 price objective on the restaurant operator’s stock.

DPZ has been the subject of several other reports. Maxim Group raised their target price on shares of Domino’s Pizza from $186.00 to $200.00 and gave the company a hold rating in a research note on Thursday, June 1st. BidaskClub cut shares of Domino’s Pizza from a strong-buy rating to a buy rating in a research report on Tuesday, July 18th. OTR Global reaffirmed a positive rating on shares of Domino’s Pizza in a research report on Saturday, April 22nd. Jefferies Group LLC reissued a hold rating and set a $180.00 target price on shares of Domino’s Pizza in a report on Wednesday, April 12th. Finally, BTIG Research reissued a buy rating and set a $233.00 target price (up previously from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $195.38.

Shares of Domino’s Pizza (NYSE:DPZ) traded up 0.17% during trading on Tuesday, hitting $192.86. 756,034 shares of the company were exchanged. The company’s 50-day moving average price is $203.55 and its 200 day moving average price is $193.35. Domino’s Pizza has a 12 month low of $143.47 and a 12 month high of $221.58. The stock has a market cap of $9.31 billion, a P/E ratio of 38.33 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $628.61 million for the quarter, compared to the consensus estimate of $609.87 million. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Domino’s Pizza will post $5.70 earnings per share for the current fiscal year.

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Domino’s Pizza declared that its board has initiated a share repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s payout ratio is 36.65%.

Several institutional investors have recently modified their holdings of DPZ. Envestnet Asset Management Inc. purchased a new position in shares of Domino’s Pizza during the fourth quarter worth $151,000. GSA Capital Partners LLP raised its position in shares of Domino’s Pizza by 45.8% in the fourth quarter. GSA Capital Partners LLP now owns 2,835 shares of the restaurant operator’s stock worth $451,000 after buying an additional 890 shares during the last quarter. M Holdings Securities Inc. raised its position in shares of Domino’s Pizza by 1.2% in the fourth quarter. M Holdings Securities Inc. now owns 3,244 shares of the restaurant operator’s stock worth $517,000 after buying an additional 38 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares during the last quarter. Finally, Creative Planning raised its position in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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

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