Domino’s Pizza, Inc. (NYSE:DPZ) – Equities researchers at Jefferies Financial Group raised their FY2018 earnings estimates for shares of Domino’s Pizza in a research note issued to investors on Tuesday, October 16th. Jefferies Financial Group analyst A. Slagle now anticipates that the restaurant operator will post earnings per share of $8.53 for the year, up from their prior estimate of $8.27. Jefferies Financial Group currently has a “Neutral” rating and a $265.00 target price on the stock. Jefferies Financial Group also issued estimates for Domino’s Pizza’s Q4 2018 earnings at $2.74 EPS, Q1 2019 earnings at $2.13 EPS, FY2019 earnings at $9.40 EPS and FY2020 earnings at $10.90 EPS.
Other equities analysts have also issued research reports about the stock. Barclays increased their price objective on shares of Domino’s Pizza from $241.00 to $262.00 and gave the company an “equal weight” rating in a research report on Friday, July 20th. Zacks Investment Research lowered shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Guggenheim reiterated a “buy” rating and set a $303.00 price objective on shares of Domino’s Pizza in a research report on Friday, July 20th. Stephens increased their price objective on shares of Domino’s Pizza from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Finally, Argus increased their price objective on shares of Domino’s Pizza from $280.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $274.05.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.20. The company had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. Domino’s Pizza’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Domino’s Pizza during the 2nd quarter valued at about $119,000. First Hawaiian Bank bought a new stake in Domino’s Pizza during the 3rd quarter valued at about $142,000. Flagship Harbor Advisors LLC bought a new stake in Domino’s Pizza during the 2nd quarter valued at about $166,000. Winslow Evans & Crocker Inc. bought a new stake in Domino’s Pizza during the 2nd quarter valued at about $172,000. Finally, Foundry Partners LLC bought a new stake in Domino’s Pizza during the 1st quarter valued at about $210,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
In other news, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the sale, the chief operating officer now owns 13,738 shares in the company, valued at approximately $4,037,323.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Patrick Doyle sold 25,600 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $301.15, for a total transaction of $7,709,440.00. Following the completion of the sale, the insider now owns 49,670 shares of the company’s stock, valued at approximately $14,958,120.50. The disclosure for this sale can be found here. Insiders sold a total of 40,004 shares of company stock valued at $11,956,888 in the last 90 days. Company insiders own 3.97% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.
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.
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