Domino's Pizza's (DPZ) "Overweight" Rating Reiterated at Stephens

Lloyd Doyle
February 25, 2018

The company had revenue of $891.50 million during the quarter, compared to the consensus estimate of $904.79 million. North Star Investment Management Corp who had been investing in Freeport for a number of months, seems to be bullish on the $27.74B market cap company.

Since October 17, 2017, it had 0 buys, and 2 sales for $4.56 million activity. About 1.01 million shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since February 24, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Domino's Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, February 20th.

Domino's Pizza announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 20th that authorizes the company to repurchase $750.00 million in outstanding shares. Following the sale, the chief financial officer now owns 26,841 shares of the company's stock, valued at approximately $4,962,095.67.

In other Domino's Pizza Group news, insider Simon Wallis sold 12,441 shares of the firm's stock in a transaction dated Wednesday, November 29th. The stock increased 0.06% or $0.01 during the last trading session, reaching $15.9. About 1.01M shares traded.

Bank of America set a $245.00 target price on Domino's Pizza (NYSE:DPZ) in a research note issued to investors on Wednesday morning. It has outperformed by 12.17% the S&P500. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. Therefore 63% are positive. The company has a consensus rating of Hold and a consensus price target of GBX 345.40 ($4.77). Finally, Highbridge Capital Management LLC acquired a new position in shares of Domino's Pizza during the third quarter valued at $8,010,000. The firm has "Buy" rating by Nomura given on Thursday, October 1. The stock of Domino's Pizza, Inc. Numis Securities has "Buy" rating and $1000 target. Investors of record on Thursday, March 15th will be issued a dividend of $0.55 per share. Stephens reaffirmed an overweight rating and issued a $245.00 target price (up previously from $220.00) on shares of Domino's Pizza in a report on Tuesday. Canaccord Genuity boosted their price target on shares of Domino's Pizza Group from GBX 370 ($5.11) to GBX 415 ($5.73) and gave the stock a buy rating in a report on Friday, January 19th. On Thursday, November 2 the stock rating was upgraded by Maxim Group to "Buy". The rating was maintained by Maxim Group with "Hold" on Tuesday, July 25. See Domino's Pizza, Inc. (NYSE:DPZ) has "Neutral" rating given on Monday, October 19 by Citigroup.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.15, from 1.3 in 2017Q2.

Institutional investors have recently modified their holdings of the business. 55 funds opened positions while 110 raised stakes. Cornerstone Advisors holds 144 shares or 0.02% of its portfolio. (NYSE:DPZ). Louisiana State Employees Retirement Systems has 12,900 shares for 0.12% of their portfolio. This is an increase from Domino's Pizza's previous quarterly dividend of $0.46. (NYSE:DPZ). Moore Cap LP holds 375,000 shares.

COPYRIGHT VIOLATION NOTICE: "Q1 2018 EPS Estimates for Domino's Pizza, Inc".

Domino's Pizza (NYSE DPZ) opened at $228.85 on Tuesday. New York State Teachers Retirement Systems has invested 0.03% of its portfolio in Domino's Pizza, Inc. (NYSE:DPZ). Tobam accumulated 69,439 shares. Koch Industries Inc. grew its holdings in Domino's Pizza by 21,599.0% during the 2nd quarter. (NYSE:DPZ). Panagora Asset reported 5,931 shares. Oppenheimer also issued estimates for Domino's Pizza's Q4 2018 earnings at $2.60 EPS, FY2018 earnings at $7.78 EPS and FY2019 earnings at $9.19 EPS. (NYSE:DPZ). 11,267 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Grp Incorporated One Trading LP stated it has 0.02% in Domino's Pizza, Inc. "(DPZ) Purchased by SeaCrest Wealth Management LLC" was first posted by StockNewsTimes and is owned by of StockNewsTimes. Hbk Limited Partnership holds 0.08% or 53,600 shares in its portfolio.

Investors sentiment decreased to 1.15 in Q3 2017. Its the same as in 2017Q2. Envestnet Asset Mgmt, a Illinois-based fund reported 2,502 shares. Eaton Vance reported 6,848 shares. (NYSE:FCX) for 1.81 million shares. Fjarde Ap reported 14,571 shares. Picton Mahoney Asset Mngmt invested in 0.11% or 36,600 shares. Hartford Fincl has invested 0.03% in Freeport-McMoRan Inc. American Group Incorporated Inc invested 0% of its portfolio in James River Group Holdings, Ltd. (NASDAQ:JRVR). It dropped, as 39 investors sold DPZ shares while 105 reduced holdings. Trust Of Vermont invested in 0% or 300 shares. Fdx Advisors has 0.01% invested in James River Group Holdings, Ltd. (NASDAQ:JRVR) for 5,007 shares. Legal And General Grp Public Limited Liability Company stated it has 0.08% of its portfolio in Freeport-McMoRan Inc. Therefore 0 are positive. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. The stock was sold at an average price of $184.87, for a total value of $3,142,790.00. Freeport-McMoran Copper & Gold had 97 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Monday, August 10 by Zacks. The firm has "Hold" rating given on Thursday, August 17 by Keefe Bruyette & Woods.

Several research analysts have commented on DPZ shares. Cowen & Co has "Outperform" rating and $15 target. The company was upgraded on Wednesday, September 9 by Goldman Sachs. The firm has "Mkt Perform" rating given on Monday, November 14 by Keefe Bruyette & Woods. Gabelli has "Buy" rating and $20.25 target.

Hood River Capital Management Llc, which manages about $698.72 million and $1.57B US Long portfolio, upped its stake in Orbotech Ltd (NASDAQ:ORBK) by 96,207 shares to 325,541 shares, valued at $13.74 million in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf (SPY) by 5,160 shares in the quarter, leaving it with 51,656 shares, and cut its stake in Bank Amer Corp Com (NYSE:BAC).

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