Domino’s Pizza, Inc. (NYSE:DPZ) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have earned a consensus rating of “Hold” from the twenty-nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $516.04.

DPZ has been the topic of a number of research analyst reports. Stephens lowered shares of Domino’s Pizza from an “equal weight” rating to an “underweight” rating and set a $500.00 price objective on the stock. in a research note on Wednesday, January 5th. MKM Partners raised their target price on shares of Domino’s Pizza from $515.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, October 15th. Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $509.00 to $501.00 and set an “equal weight” rating for the company in a research note on Friday, October 15th. Benchmark initiated coverage on shares of Domino’s Pizza in a research note on Friday, November 12th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Domino’s Pizza from $600.00 to $565.00 and set an “outperform” rating for the company in a research note on Friday, October 15th.

NYSE:DPZ opened at $473.04 on Friday. The firm has a 50-day moving average of $525.87 and a two-hundred day moving average of $507.03. The stock has a market cap of $17.21 billion, a P/E ratio of 35.97, a PEG ratio of 2.55 and a beta of 0.54. Domino’s Pizza has a 1-year low of $319.71 and a 1-year high of $567.57.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 14th. The restaurant operator reported $3.24 EPS for the quarter, topping the consensus estimate of $3.11 by $0.13. The business had revenue of $998.00 million for the quarter, compared to analysts’ expectations of $1.03 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 13.34%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.49 earnings per share. On average, analysts predict that Domino’s Pizza will post 13.64 earnings per share for the current year.

In other Domino’s Pizza news, EVP Joseph Hugh Jordan sold 2,010 shares of the business’s stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $467.16, for a total value of $938,991.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 1,565 shares of the business’s stock in a transaction dated Thursday, November 4th. The shares were sold at an average price of $500.00, for a total transaction of $782,500.00. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Domino’s Pizza by 1.7% in the third quarter. BlackRock Inc. now owns 3,324,657 shares of the restaurant operator’s stock worth $1,585,728,000 after acquiring an additional 54,153 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Domino’s Pizza by 8.1% during the third quarter. Renaissance Technologies LLC now owns 1,327,507 shares of the restaurant operator’s stock worth $633,168,000 after buying an additional 99,482 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Domino’s Pizza by 2.5% during the second quarter. Geode Capital Management LLC now owns 711,996 shares of the restaurant operator’s stock worth $331,684,000 after buying an additional 17,266 shares during the last quarter. Invesco Ltd. raised its stake in shares of Domino’s Pizza by 8.6% during the third quarter. Invesco Ltd. now owns 660,239 shares of the restaurant operator’s stock worth $314,906,000 after buying an additional 52,238 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Domino’s Pizza by 21.7% during the second quarter. FMR LLC now owns 589,699 shares of the restaurant operator’s stock worth $275,088,000 after buying an additional 105,024 shares during the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

Featured Story: What causes a recession?

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

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.