Domino’s Pizza, Inc. (NYSE:DPZ) – Stock analysts at Oppenheimer cut their FY2020 EPS estimates for Domino’s Pizza in a report released on Wednesday, October 17th, according to Zacks Investment Research. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will earn $11.32 per share for the year, down from their previous estimate of $11.59.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Domino’s Pizza from $260.00 to $270.00 and gave the stock a “$271.75” rating in a research note on Monday, July 23rd. Guggenheim reaffirmed a “buy” rating and issued a $303.00 price target on shares of Domino’s Pizza in a research note on Friday, July 20th. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price target for the stock from $305.00 to $310.00 in a research note on Wednesday, October 17th. Mizuho set a $300.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, Barclays raised 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. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $274.30.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.20. The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
In other news, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $293.88, for a total value of $1,294,247.52. Following the sale, the chief operating officer now directly owns 13,738 shares in the company, valued at approximately $4,037,323.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider J Patrick Doyle sold 25,600 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $301.15, for a total transaction of $7,709,440.00. Following the completion of the sale, the insider now owns 49,670 shares in the company, valued at $14,958,120.50. The disclosure for this sale can be found here. Insiders sold a total of 40,004 shares of company stock worth $11,956,888 over the last 90 days. Company insiders own 3.97% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Willingdon Wealth Management acquired a new stake in Domino’s Pizza in the 3rd quarter worth approximately $111,000. Qube Research & Technologies Ltd acquired a new stake in Domino’s Pizza in the 2nd quarter worth approximately $119,000. First Hawaiian Bank acquired a new stake in Domino’s Pizza in the 3rd quarter worth approximately $142,000. Harvest Fund Management Co. Ltd boosted its stake in Domino’s Pizza by 257.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 582 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 419 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Domino’s Pizza in the 2nd quarter worth approximately $166,000. Institutional investors own 94.18% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.