Domino’s Pizza (NYSE:DPZ) Issues Earnings Results

Domino’s Pizza (NYSE:DPZ) issued its quarterly earnings results on Thursday. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54, Briefing.com reports. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $4.18 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.

Domino’s Pizza Trading Up 5.1 %

Shares of DPZ opened at $429.67 on Friday. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86. The business’s fifty day simple moving average is $421.63 and its two-hundred day simple moving average is $469.57. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DPZ shares. TD Cowen reissued a “buy” rating and issued a $475.00 target price on shares of Domino’s Pizza in a research note on Friday. Royal Bank of Canada cut their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday. BTIG Research decreased their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Friday. Citigroup reduced their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Evercore ISI cut their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $489.55.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.