Maxim Group Boosts Domino’s Pizza (DPZ) Price Target to $255.00

Domino’s Pizza (NYSE:DPZ) had its price objective increased by Maxim Group to $255.00 in a research report released on Tuesday. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other brokerages have also recently issued reports on DPZ. ValuEngine upgraded shares of Domino’s Pizza from a sell rating to a hold rating in a research report on Tuesday, March 27th. Deutsche Bank upped their price target on shares of Domino’s Pizza to $220.00 and gave the company a buy rating in a research report on Thursday, January 11th. Stephens restated an overweight rating and issued a $245.00 price target (up from $220.00) on shares of Domino’s Pizza in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein restated a market perform rating and issued a $230.00 price target (up from $200.00) on shares of Domino’s Pizza in a research report on Wednesday, February 21st. Finally, Barclays upped their price target on shares of Domino’s Pizza from $184.00 to $215.00 and gave the company an equal weight rating in a research report on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $232.50.

Shares of NYSE:DPZ opened at $231.48 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of -1.14. Domino’s Pizza has a one year low of $166.74 and a one year high of $236.93. The company has a market capitalization of $9,937.21, a P/E ratio of 39.90, a P/E/G ratio of 1.92 and a beta of 0.37.



Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (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 analysts’ expectations of $904.79 million. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue was up 8.8% on a year-over-year basis. research analysts forecast that Domino’s Pizza will post 7.93 earnings per share for the current fiscal year.

Domino’s Pizza announced that its board has authorized a stock buyback program on Tuesday, February 20th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 annualized dividend and a dividend yield of 0.95%. Domino’s Pizza’s dividend payout ratio is 41.20%.

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Balentine LLC increased its position in shares of Domino’s Pizza by 2,916.7% during the fourth quarter. Balentine LLC now owns 724 shares of the restaurant operator’s stock worth $137,000 after buying an additional 700 shares during the period. First Mercantile Trust Co. acquired a new stake in Domino’s Pizza in the fourth quarter worth $145,000. Acadian Asset Management LLC grew its holdings in Domino’s Pizza by 3,482.1% in the fourth quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 975 shares during the period. Advisor Partners LLC acquired a new stake in Domino’s Pizza in the fourth quarter worth $231,000. Finally, Synovus Financial Corp grew its holdings in Domino’s Pizza by 23.8% in the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 246 shares during the period. Institutional investors own 94.20% of the company’s stock.

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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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