Domino’s Pizza (NYSE:DPZ) Rating Lowered to Positive at OTR Global

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OTR Global lowered shares of Domino’s Pizza (NYSE:DPZ) to a positive rating in a report published on Wednesday, Benzinga reports. The firm currently has $280.00 price objective on the restaurant operator’s stock.

A number of other research firms have also commented on DPZ. Citigroup set a $86.00 price target on Prologis and gave the stock a buy rating in a research report on Thursday, June 6th. Credit Suisse Group assumed coverage on Arco Platform in a research report on Tuesday, June 25th. They set a neutral rating on the stock. ValuEngine lowered Virtu Financial from a hold rating to a sell rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. restated a hold rating on shares of Altagas in a research report on Tuesday, March 19th. Finally, FIG Partners restated an outperform rating on shares of SmartFinancial in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $296.63.

NYSE DPZ opened at $282.11 on Wednesday. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.05 and a beta of 0.48. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The stock’s 50 day simple moving average is $280.35.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.13. The business had revenue of $835.96 million for the quarter, compared to analyst estimates of $852.59 million. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. Domino’s Pizza’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 EPS. On average, equities analysts predict that Domino’s Pizza will post 9.34 EPS for the current year.

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

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was 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 SEC, which is available at this link. 1.62% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Field & Main Bank bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $37,000. Institutional & Family Asset Management LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $58,000. Global Retirement Partners LLC increased its position in shares of Domino’s Pizza by 12.3% in the 1st quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 60 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $150,000. 97.03% of the stock is currently owned by institutional investors.

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 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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