Domino’s Pizza (NYSE: DPZ) had its price target boosted by Miller Tabak from $50.00 to $52.00 in a research note released on Monday morning. They currently have a buy rating on the stock.
“In our view, DPZ’s focus on new products—rather than steep discounts—will continue to help the company deliver not only segmentleading comp growth and market share gains, but also increased profits. We also expect international new unit expansion to be an important lever for sustained double-digit EPS growth, and given the strong finish to 2012 new unit development, we anticipate this expansion overseas will accelerate in the next two years. We view DPZ’s new dividend as a positive, though think the company still has ample cash for EPS-boosting share buybacks.,” the firm’s analyst wrote.
Shares of Domino’s Pizza traded up 0.22% during mid-day trading on Monday, hitting $49.73. Domino’s Pizza has a 52 week low of $28.17 and a 52 week high of $49.67. The stock’s 50-day moving average is currently $46.38. The company has a P/E ratio of 25.98.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.12.
A number of other firms have also recently commented on DPZ. Analysts at Goldman Sachs reiterated a conviction-buy rating on shares of Domino’s Pizza in a research note to investors on Friday, March 1st. Finally, analysts at Telsey Advisory Group raised their price target on shares of Domino’s Pizza to $51.00 in a research note to investors on Tuesday, January 22nd.
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