FY2019 EPS Estimates for Domino’s Pizza, Inc. (DPZ) Boosted by Analyst

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Domino’s Pizza, Inc. (NYSE:DPZ) – Investment analysts at Oppenheimer raised their FY2019 earnings per share (EPS) estimates for Domino’s Pizza in a research note issued to investors on Wednesday, January 9th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $9.63 per share for the year, up from their previous forecast of $9.54.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $789.10 million. During the same quarter in the prior year, the firm posted $1.27 EPS. The business’s revenue was up 22.1% on a year-over-year basis.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the company from $305.00 to $310.00 in a research note on Wednesday, October 17th. Wells Fargo & Co increased their target price on Domino’s Pizza from $255.00 to $260.00 and gave the company a “market perform” rating in a research report on Monday, October 8th. They noted that the move was a valuation call. Citigroup dropped their target price on Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating for the company in a research report on Monday, October 22nd. Finally, UBS Group assumed coverage on Domino’s Pizza in a research report on Monday, October 22nd. They set a “neutral” rating and a $285.00 price objective for the company. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $276.77.

Shares of Domino’s Pizza stock opened at $248.99 on Friday. Domino’s Pizza has a 12-month low of $198.51 and a 12-month high of $305.34. The company has a market cap of $10.26 billion, a PE ratio of 46.63, a P/E/G ratio of 1.53 and a beta of 0.57.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.88%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.20%.

In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of Domino’s Pizza stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $279.31, for a total value of $1,396,550.00. Following the completion of the transaction, the chief executive officer now owns 44,864 shares in the company, valued at $12,530,963.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.97% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DPZ. Great Lakes Advisors LLC raised its stake in Domino’s Pizza by 10.1% in the third quarter. Great Lakes Advisors LLC now owns 929 shares of the restaurant operator’s stock worth $274,000 after buying an additional 85 shares in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in shares of Domino’s Pizza by 0.6% during the third quarter. Cookson Peirce & Co. Inc. now owns 29,485 shares of the restaurant operator’s stock valued at $8,692,000 after buying an additional 185 shares during the last quarter. V Wealth Management LLC grew its holdings in shares of Domino’s Pizza by 13.5% during the third quarter. V Wealth Management LLC now owns 1,644 shares of the restaurant operator’s stock valued at $485,000 after buying an additional 195 shares during the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Domino’s Pizza by 1.3% during the third quarter. AMP Capital Investors Ltd now owns 14,957 shares of the restaurant operator’s stock valued at $4,390,000 after buying an additional 196 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Domino’s Pizza by 6.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,120 shares of the restaurant operator’s stock valued at $919,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

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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