OTR Global Lowers Domino’s Pizza (NYSE:DPZ) to Positive

OTR Global downgraded shares of Domino’s Pizza (NYSE:DPZ) to a positive rating in a report issued on Wednesday morning, Benzinga reports. They currently have $280.00 price objective on the restaurant operator’s stock.

Several other brokerages also recently weighed in on DPZ. JPMorgan Chase & Co. reissued a hold rating on shares of Altagas in a research note on Tuesday, March 19th. ValuEngine downgraded shares of Virtu Financial from a hold rating to a sell rating in a research note on Tuesday, June 18th. Citigroup set a $86.00 target price on shares of Prologis and gave the company a buy rating in a research note on Thursday, June 6th. Wells Fargo & Co reissued a buy rating and issued a $85.00 target price on shares of Carvana in a research note on Monday, July 1st. Finally, Credit Suisse Group started coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They issued a neutral rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $296.63.

NYSE:DPZ opened at $282.11 on Wednesday. The firm has a market cap of $11.59 billion, a P/E ratio of 33.50, a PEG ratio of 2.02 and a beta of 0.48. Domino’s Pizza has a 52-week low of $231.28 and a 52-week high of $305.34. The stock’s fifty day moving average price is $280.35.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The firm had revenue of $835.96 million during the quarter, compared to the consensus estimate of $852.59 million. During the same quarter in the previous year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza will post 9.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, June 13th. Domino’s Pizza’s dividend payout ratio is currently 30.88%.

In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $279.19, for a total transaction of $2,791,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.62% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in shares of Domino’s Pizza by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 60 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Domino’s Pizza by 2.6% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,409 shares of the restaurant operator’s stock worth $621,000 after purchasing an additional 61 shares during the period. CSat Investment Advisory L.P. grew its holdings in shares of Domino’s Pizza by 9.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 899 shares of the restaurant operator’s stock worth $232,000 after purchasing an additional 79 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Domino’s Pizza by 2.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,544 shares of the restaurant operator’s stock worth $1,173,000 after purchasing an additional 109 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Domino’s Pizza by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock worth $1,067,000 after purchasing an additional 110 shares during the period. 97.03% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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

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