Trading Report: The Domino’s Pizza Inc. (DPZ) Stock Rating Upgraded by Bank of America Corp.

The Domino’s Pizza Inc. (DPZ) Stock Rating Upgraded by Bank of America Corp.

Domino’s Pizza Inc. (NYSE:DPZ) was upgraded by equities research analysts at Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $175.00 price objective on the stock, up from their prior price objective of $150.31. Bank of America Corp.’s target price would suggest a potential upside of 16.43% from the company’s current price.

DPZ has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. Beaufort Securities reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Thursday. Maxim Group increased their price objective on Domino’s Pizza from $127.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, July 22nd. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Numis Securities Ltd reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $144.42.

Shares of Domino’s Pizza (NYSE:DPZ) traded up 1.04% during mid-day trading on Friday, hitting $151.87. The company had a trading volume of 122,617 shares. The firm has a 50-day moving average price of $151.07 and a 200 day moving average price of $137.36. The firm has a market capitalization of $7.33 billion, a P/E ratio of 40.88 and a beta of 0.81. Domino’s Pizza has a 12 month low of $100.59 and a 12 month high of $155.10.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The firm had revenue of $547.34 million for the quarter, compared to the consensus estimate of $533.44 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. On average, equities research analysts forecast that Domino’s Pizza will post $4.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 13th. Domino’s Pizza’s payout ratio is 40.86%.

In other Domino’s Pizza news, insider Richard E. Allison, Jr. sold 20,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the completion of the transaction, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Goldman sold 3,095 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $147.66, for a total value of $457,007.70. Following the transaction, the director now directly owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. Company insiders own 5.03% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Capital World Investors increased its stake in shares of Domino’s Pizza by 2.2% in the second quarter. Capital World Investors now owns 5,493,504 shares of the company’s stock worth $721,737,000 after buying an additional 119,188 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Domino’s Pizza by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,611,585 shares of the company’s stock worth $474,489,000 after buying an additional 74,268 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Domino’s Pizza by 5.3% in the second quarter. BlackRock Fund Advisors now owns 1,785,461 shares of the company’s stock worth $234,574,000 after buying an additional 89,797 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Domino’s Pizza by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,593,162 shares of the company’s stock worth $209,310,000 after buying an additional 77,122 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Domino’s Pizza by 17.6% in the second quarter. State Street Corp now owns 1,583,984 shares of the company’s stock worth $208,104,000 after buying an additional 237,447 shares in the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

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