Domino’s Pizza’s (DPZ) Hold Rating Reaffirmed at Loop Capital

Loop Capital restated their hold rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note released on Wednesday, Benzinga reports. They currently have a $507.00 price target on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on the stock. HSBC lifted their target price on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Robert W. Baird raised shares of Domino’s Pizza from a neutral rating to an outperform rating and lifted their target price for the stock from $530.00 to $580.00 in a research note on Monday, July 8th. Wells Fargo & Company lifted their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an equal weight rating in a research note on Tuesday, April 30th. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a research note on Friday, April 12th. Finally, Oppenheimer lifted their target price on shares of Domino’s Pizza from $530.00 to $580.00 and gave the stock an outperform rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of Moderate Buy and a consensus price target of $535.29.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $491.48 on Wednesday. The firm has a market cap of $17.14 billion, a PE ratio of 32.08, a PEG ratio of 2.33 and a beta of 0.87. The firm has a fifty day moving average of $512.68 and a 200 day moving average of $472.11. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. On average, equities analysts predict that Domino’s Pizza will post 16.02 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a yield of 1.23%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC purchased a new position in Domino’s Pizza in the second quarter valued at approximately $426,000. QRG Capital Management Inc. purchased a new position in Domino’s Pizza in the second quarter valued at approximately $266,000. Dixon Mitchell Investment Counsel Inc. increased its stake in Domino’s Pizza by 0.5% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 47,237 shares of the restaurant operator’s stock valued at $24,641,000 after purchasing an additional 225 shares during the last quarter. Threadgill Financial LLC increased its stake in Domino’s Pizza by 6.6% in the second quarter. Threadgill Financial LLC now owns 2,505 shares of the restaurant operator’s stock valued at $1,293,000 after purchasing an additional 156 shares during the last quarter. Finally, CWM LLC increased its stake in Domino’s Pizza by 47.6% in the second quarter. CWM LLC now owns 1,758 shares of the restaurant operator’s stock valued at $907,000 after purchasing an additional 567 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.