Domino’s Pizza (NYSE:DPZ) – Equities research analysts at Oppenheimer increased their FY2018 earnings per share estimates for shares of Domino’s Pizza in a research note issued on Tuesday, April 17th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $7.96 per share for the year, up from their previous forecast of $7.82. Oppenheimer has a “Outperform” rating and a $245.00 price objective on the stock. Oppenheimer also issued estimates for Domino’s Pizza’s Q4 2018 earnings at $2.69 EPS and FY2019 earnings at $9.30 EPS.
Several other research analysts also recently commented on the stock. Stifel Nicolaus raised their price target on shares of Domino’s Pizza from $240.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday. Maxim Group reissued a “buy” rating and issued a $255.00 price target on shares of Domino’s Pizza in a report on Wednesday. Deutsche Bank reissued a “hold” rating and issued a $235.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 4th. ValuEngine raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Morgan Stanley raised their price target on shares of Domino’s Pizza from $236.00 to $238.00 and gave the company an “equal weight” rating in a report on Monday, March 26th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino’s Pizza has an average rating of “Buy” and a consensus target price of $234.55.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The firm had revenue of $891.50 million during the quarter, compared to the consensus estimate of $904.79 million. During the same period last year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year.
A number of large investors have recently modified their holdings of DPZ. Stifel Financial Corp raised its position in Domino’s Pizza by 86.0% in the 3rd quarter. Stifel Financial Corp now owns 13,673 shares of the restaurant operator’s stock worth $2,730,000 after purchasing an additional 6,323 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Domino’s Pizza by 241.8% in the third quarter. Envestnet Asset Management Inc. now owns 2,502 shares of the restaurant operator’s stock valued at $497,000 after acquiring an additional 1,770 shares during the period. California Public Employees Retirement System increased its position in shares of Domino’s Pizza by 8.1% in the third quarter. California Public Employees Retirement System now owns 140,253 shares of the restaurant operator’s stock valued at $27,847,000 after acquiring an additional 10,553 shares during the period. AXA increased its position in shares of Domino’s Pizza by 5.7% in the third quarter. AXA now owns 85,000 shares of the restaurant operator’s stock valued at $16,877,000 after acquiring an additional 4,600 shares during the period. Finally, DnB Asset Management AS purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at about $2,003,000.
Domino’s Pizza declared that its board has initiated a share repurchase plan on Tuesday, February 20th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.46. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.
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 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.
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.