Domino’s Pizza’s (DPZ) “Buy” Rating Reaffirmed at Maxim Group

Maxim Group reaffirmed their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a report published on Wednesday. The firm currently has a $255.00 price target on the restaurant operator’s stock.

DPZ has been the topic of several other research reports. Oppenheimer increased their price target on shares of Domino’s Pizza from $220.00 to $230.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. Nomura increased their price target on shares of Domino’s Pizza to $230.00 and gave the stock a buy rating in a report on Thursday, January 11th. Credit Suisse Group upgraded shares of Domino’s Pizza from a neutral rating to an outperform rating and set a $205.00 price target on the stock in a report on Thursday, January 4th. They noted that the move was a valuation call. Citigroup increased their price target on shares of Domino’s Pizza from $217.00 to $232.00 and gave the stock a neutral rating in a report on Monday, February 26th. Finally, Bank of America set a $245.00 price objective on Domino’s Pizza and gave the stock a buy rating in a research report on Wednesday, February 21st. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $234.55.

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Shares of NYSE:DPZ opened at $238.93 on Wednesday. Domino’s Pizza has a twelve month low of $166.74 and a twelve month high of $241.41. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.36 and a current ratio of 1.46. The company has a market capitalization of $10,354.06, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 2.00 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping 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 company had revenue of $891.50 million for the quarter, compared to the consensus estimate of $904.79 million. During the same quarter in the prior year, the company earned $1.48 EPS. Domino’s Pizza’s quarterly revenue was up 8.8% on a year-over-year basis. analysts forecast that Domino’s Pizza will post 7.93 earnings per share for the current year.

Domino’s Pizza declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 20th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a dividend of $0.55 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, March 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.92%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.20%.

Several large investors have recently made changes to their positions in DPZ. Viking Global Investors LP lifted its position in shares of Domino’s Pizza by 473.7% during the 4th quarter. Viking Global Investors LP now owns 2,058,468 shares of the restaurant operator’s stock valued at $388,968,000 after buying an additional 1,699,678 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Domino’s Pizza by 83.2% during the 4th quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock valued at $297,297,000 after buying an additional 714,414 shares in the last quarter. Jackson Square Partners LLC lifted its position in shares of Domino’s Pizza by 821.9% during the 4th quarter. Jackson Square Partners LLC now owns 347,558 shares of the restaurant operator’s stock valued at $65,674,000 after buying an additional 309,857 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of Domino’s Pizza by 64.1% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 783,625 shares of the restaurant operator’s stock valued at $148,073,000 after buying an additional 306,003 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $21,556,000.

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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.

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

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