Domino’s Pizza (NYSE:DPZ) issued its quarterly earnings results on Tuesday. The restaurant operator reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.19, Morningstar.com reports. The company had revenue of $811.65 million for the quarter, compared to analysts’ expectations of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share.
Shares of DPZ stock opened at $253.01 on Thursday. The business’s 50-day moving average price is $278.77. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.79 and a beta of 0.48. Domino’s Pizza has a 1 year low of $231.28 and a 1 year high of $305.34.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 30.88%.
DPZ has been the topic of a number of research analyst reports. ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Credit Suisse Group set a GBX 3,090 ($40.38) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday. Oppenheimer lowered their target price on Domino’s Pizza from $310.00 to $295.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Co reissued a “buy” rating and issued a $85.00 target price on shares of Carvana in a report on Monday, July 1st. Finally, Mizuho set a $12.00 price target on Viewray and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. Domino’s Pizza currently has a consensus rating of “Buy” and an average target price of $292.29.
In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.62% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in shares of Domino’s Pizza by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock worth $1,067,000 after purchasing an additional 110 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Domino’s Pizza by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 165,897 shares of the restaurant operator’s stock worth $41,148,000 after purchasing an additional 3,325 shares during the period. Stifel Financial Corp increased its holdings in Domino’s Pizza by 1.9% during the 4th quarter. Stifel Financial Corp now owns 16,091 shares of the restaurant operator’s stock worth $3,976,000 after purchasing an additional 304 shares during the period. California State Teachers Retirement System increased its holdings in Domino’s Pizza by 1.5% during the 4th quarter. California State Teachers Retirement System now owns 68,593 shares of the restaurant operator’s stock worth $17,010,000 after purchasing an additional 1,013 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Domino’s Pizza by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 417,832 shares of the restaurant operator’s stock valued at $103,553,000 after acquiring an additional 27,160 shares during the period. Institutional investors own 97.06% of the company’s stock.
Domino’s Pizza Company Profile
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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