Nomura assumed coverage on shares of Domino’s Pizza in a research note on Thursday, October 1st. A low PEG ratio typically means that the company is trading at a low price relative to its future earnings growth potential.
A number of other equities research analysts have also issued reports on DPZ.
Dominos Pizza Inc (NYSE:DPZ): On Wednesday heightened volatility was witnessed in Dominos Pizza Inc (NYSE:DPZ) which led to swings in the share price. They set a buy rating and a $139.00 price target on the stock.
On Wednesday, Domino’s Pizza Inc’s stock gained 0.72 percent as investors were anticipating news about the company’s quarterly revenue. Nomura initiates coverage on Dominos Pizza Inc (NYSE:DPZ). Domino’s Pizza has an average rating of “Hold” and an average target price of $119.07. The shares were sold at an average price of $111.28, for a total transaction of $111,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. On a weekly basis the shares of the shares have recorded a change of -0.35%. The disclosure for this purchase can be found here. In the last 50 and 100 days, Domino’s Pizza is down 2.35% and down 0.3%, respectively. A total of 141,381 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $108.68 and a 200 day moving average price of $108.90. The company has a market cap of $5.87 billion.
Dominos Pizza Inc (NYSE:DPZ) should head towards $113.88 per share according to 8 Analysts in consensus. Meanwhile, the company’s revenues have beaten the Zacks Consensus Estimate consistently over the past few quarters.
Reporting before the open, Domino’s posted Q3 EPS of 67 cents, up from 63 cents the prior year but below consensus views for 74 cents. The company earned $488.60 million during the quarter, compared to analyst estimates of $489.39 million. Domino’s U.S. sales at established company-owned restaurants were up 11.5 per cent for the quarter. Six analysts surveyed by Zacks expected $482.3 million.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. The ex-dividend date of this dividend was Friday, September 11th.
Domino’s, the second-largest USA pizza chain by store count, has been outperforming rivals such as Pizza Hut in the United States, helped by its digital investments, which make it easier for customers to order pizzas using methods such as smart watches and digital wallets. The Organization operates in three business segments: worldwide franchise domestic shops and supply chain. As of January 1, 2012, it operated through a network of 9,742 Company-owned and franchise stores, located in all 50 states and in more than 70 worldwide markets. The Organization supply chain segment operates 16 regional dough making and food supply chain centers in the contiguous United States Of America. Its fundamental menu features pizza products in various sizes and crust kinds.
