Today, Nomura Reaffirms “Neutral” Rating for Domino’s Pizza Inc. (DPZ)

Today, Nomura Reaffirms “Neutral” Rating for Domino’s Pizza Inc. (DPZ)

Domino’s Pizza Inc. (NYSE:DPZ)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Nomura in a research report issued on Tuesday. They currently have a $148.00 price target on the stock, up from their prior price target of $145.00. Nomura’s price objective would indicate a potential downside of 2.64% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Monday. Bank of America Corp. raised shares of Domino’s Pizza from an “underperform” rating to a “buy” rating and increased their target price for the company from $150.31 to $175.00 in a research report on Friday. Beaufort Securities reissued a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 13th. Peel Hunt reissued a “buy” rating on shares of Domino’s Pizza in a research report on Thursday, October 13th. Finally, N+1 Singer reissued a “hold” rating on shares of Domino’s Pizza in a research report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. Domino’s Pizza has a consensus rating of “Hold” and an average price target of $145.73.

Shares of Domino’s Pizza (NYSE:DPZ) traded up 6.98% on Tuesday, reaching $162.62. 2,507,725 shares of the company’s stock traded hands. The company’s 50-day moving average price is $151.21 and its 200 day moving average price is $137.76. The firm has a market cap of $7.85 billion, a P/E ratio of 43.77 and a beta of 0.81. Domino’s Pizza has a one year low of $100.59 and a one year high of $163.73.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The business earned $566.70 million during the quarter, compared to the consensus estimate of $339.32 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza will post $4.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.86%.

In related news, Director James A. Goldman sold 3,095 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $147.66, for a total transaction of $457,007.70. Following the transaction, the director now owns 15,167 shares of the company’s stock, valued at approximately $2,239,559.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard E. Allison, Jr. sold 20,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the transaction, the insider now directly owns 42,080 shares in the company, valued at approximately $6,182,393.60. The disclosure for this sale can be found here. Insiders own 5.03% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DPZ. Wellington Management Group LLP raised its position in Domino’s Pizza by 13.3% in the first quarter. Wellington Management Group LLP now owns 102,874 shares of the company’s stock valued at $13,565,000 after buying an additional 12,092 shares in the last quarter. AXA acquired a new position in Domino’s Pizza during the first quarter valued at approximately $1,846,000. Quadrature Capital Ltd acquired a new position in Domino’s Pizza during the first quarter valued at approximately $617,000. Meeder Asset Management Inc. raised its position in Domino’s Pizza by 75.0% in the first quarter. Meeder Asset Management Inc. now owns 2,373 shares of the company’s stock valued at $313,000 after buying an additional 1,017 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in Domino’s Pizza during the first quarter valued at approximately $479,000. 95.55% of the stock is currently owned by institutional investors.

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