Oppenheimer Maintains an 'Outperform' on Domino's Pizza (DPZ); Delivering The Special Dividend

Oppenheimer maintains an 'Outperform' on Domino's Pizza (NYSE: DPZ) price target of $44.00.

Oppenheimer analyst said, "DPZ announced the completion of its recap and will issue a $3/share special dividend on 4/2. Stock will fall by a similar amount on the ex-dividend date (3/22). This could allow DPZ's P/E valuation to become more attractive as EPS estimates remain unchanged. The lower interest rate on the new debt (5.2% vs. ~6% previously) is in line with our expectations. The $82M left on the company's repurchase authorization could soak up free cash flow (after required principal payments) in the near term."

For an analyst ratings summary and ratings history on Domino's Pizza click here. For more ratings news on Domino's Pizza click here.

Shares of Domino's Pizza closed at $39.96 yesterday.

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