Domino’s Pizza (NYSE:DPZ) Now Covered by Deutsche Bank

Deutsche Bank initiated coverage on shares of Domino’s Pizza (NYSE:DPZ) in a report released on Monday morning, BenzingaRatingsTable reports. The firm issued a sell rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the stock. Stephens cut their price target on shares of Domino’s Pizza from $325.00 to $300.00 and set an overweight rating on the stock in a report on Wednesday, July 17th. FIG Partners restated an outperform rating and issued a $310.00 price target (up from $280.00) on shares of Domino’s Pizza in a report on Thursday, April 25th. Bank of America upped their price target on shares of Domino’s Pizza from $290.00 to $300.00 and gave the stock a buy rating in a report on Thursday, April 25th. Oppenheimer cut their price target on shares of Domino’s Pizza from $310.00 to $295.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Finally, Credit Suisse Group cut their price target on shares of Domino’s Pizza from $320.00 to $300.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $294.11.

DPZ stock traded up $1.00 during mid-day trading on Monday, reaching $246.83. 3,333 shares of the stock traded hands, compared to its average volume of 1,236,471. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The firm has a market cap of $10.21 billion, a PE ratio of 29.30, a PEG ratio of 1.77 and a beta of 0.48. The company has a 50-day simple moving average of $270.55.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The business had revenue of $811.65 million for the quarter, compared to analysts’ expectations of $834.87 million. During the same quarter in the previous year, the business posted $1.84 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Domino’s Pizza will post 9.44 EPS for the current year.

In related 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 value of $2,791,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Field & Main Bank purchased a new stake in Domino’s Pizza in the first quarter worth about $32,000. NEXT Financial Group Inc lifted its stake in Domino’s Pizza by 85.7% in the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 60 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Domino’s Pizza in the first quarter worth about $37,000. Cornerstone Advisors Inc. lifted its position in shares of Domino’s Pizza by 36.2% during the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 55 shares during the last quarter. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Domino’s Pizza during the first quarter valued at about $58,000. 96.82% 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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