Domino’s Pizza Inc (DPZ) PT Raised to $184.00 at Barclays PLC

Domino’s Pizza Inc (NYSE:DPZ) had its price target hoisted by analysts at Barclays PLC from $180.00 to $184.00 in a research report issued to clients and investors on Friday. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s target price would suggest a potential downside of 8.47% from the company’s current price.

Several other brokerages have also weighed in on DPZ. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $210.00 target price (up from $204.00) on shares of Domino’s Pizza in a research report on Monday, October 2nd. Instinet reaffirmed a “neutral” rating and issued a $198.00 target price (up from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Zacks Investment Research lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Credit Suisse Group started coverage on Domino’s Pizza in a research report on Wednesday, October 4th. They issued a “neutral” rating and a $200.00 price objective on the stock. Finally, BidaskClub raised Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Domino’s Pizza has an average rating of “Hold” and a consensus target price of $203.07.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.05. The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS.

Domino’s Pizza declared that its board has initiated a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC increased its holdings in shares of Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 93 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Domino’s Pizza by 25.0% in the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 100 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Domino’s Pizza in the second quarter valued at $127,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 368 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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