Jefferies Group Analysts Cut Earnings Estimates for Domino's Pizza, Inc. (DPZ)

Cornelia Mascio
Febbraio 25, 2018

Domino's Pizza, Inc. (NYSE:DPZ) - Oppenheimer lifted their Q1 2018 earnings estimates for Domino's Pizza in a report issued on Wednesday, Zacks Investment Research reports. During the same quarter a year ago, the company earned $1.48 earnings per share. The brokerage now has a buy rating on the restaurant operator's stock. Jefferies Group also issued estimates for Domino's Pizza's Q3 2018 earnings at $1.77 EPS.

Domino's Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, February 20th. The company had revenue of $891.50 million during the quarter, compared to the consensus estimate of $904.79 million. Domino's Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The company's quarterly revenue was up 8.8% on a year-over-year basis. Jefferies Group analyst A. Slagle now expects that the restaurant operator will post earnings of $1.75 per share for the quarter, down from their previous estimate of $1.78.

DPZ has been the subject of a number of other reports. Sanford C. Bernstein reaffirmed a market perform rating and issued a $230.00 target price (up previously from $200.00) on shares of Domino's Pizza in a report on Wednesday. Deutsche Bank raised their target price on Domino's Pizza from $220.00 to $235.00 and gave the company a buy rating in a report on Thursday, February 15th. Credit Suisse Group reaffirmed an "outperform" rating and set a $245.00 target price (up previously from $235.00) on shares of Domino's Pizza in a report on Wednesday. Peel Hunt lifted their price target on shares of Domino's Pizza Group from GBX 400 ($5.53) to GBX 425 ($5.87) and gave the stock a "buy" rating in a report on Tuesday, January 30th. Canaccord Genuity reiterated a buy rating and set a GBX 415 ($5.73) price target on shares of Domino's Pizza Group in a research report on Tuesday, January 30th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Finally, Janus Henderson Group PLC boosted its stake in Domino's Pizza by 18.8% in the 3rd quarter. 1,014,801 shares of the stock traded hands, compared to its average volume of 1,260,000. The stock has a market capitalization of $9,765.14, a PE ratio of 39.21, a P/E/G ratio of 1.89 and a beta of 0.45. The company has a debt-to-equity ratio of -1.14, a quick ratio of 1.39 and a current ratio of 1.46. Domino's Pizza has a twelve month low of $166.74 and a twelve month high of $236.00. Toronto Dominion Bank increased its holdings in shares of Domino's Pizza by 12.2% during the second quarter. Balentine LLC lifted its stake in Domino's Pizza by 2,916.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator's stock valued at $297,297,000 after buying an additional 714,414 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Domino's Pizza during the third quarter worth approximately $158,000. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator's stock worth $190,000 after purchasing an additional 975 shares during the last quarter. The firm owned 8,683 shares of the restaurant operator's stock after acquiring an additional 954 shares during the period.

Institutional investors and hedge funds have recently modified their holdings of the company. LAWRENCE JEFFREY D also sold $3.14 million worth of Domino's Pizza, Inc. The stock now has a consensus rating of "Buy" and an average price target of $226.49. Following the completion of the transaction, the chief financial officer now owns 26,841 shares in the company, valued at approximately $4,962,095.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Since September 26, 2017, it had 0 insider purchases, and 3 sales for $9.43 million activity. Stockholders of record on Thursday, March 15th will be paid a $0.55 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $0.46. This represents a $2.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is presently 31.45%.

Domino's Pizza declared that its board has initiated a share buyback program on Tuesday, February 20th that authorizes the company to buyback $750.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued. Maxim Group maintained Domino's Pizza, Inc. "Increased by Oppenheimer (DPZ)" was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark laws.

Asset Management Group Inc increased Dominos Pizza Inc (DPZ) stake by 22.31% reported in 2017Q3 SEC filing. (NYSE:DPZ). Gateway Inv Advisers Ltd Liability Company has 0.07% invested in Domino's Pizza, Inc.

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