Domino’s Pizza, Inc. (NASDAQ:DPZ) Raises Dividend to $1.74 Per Share

Domino’s Pizza, Inc. (NASDAQ:DPZ) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 1.74 per share by the restaurant operator on Friday, March 28th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51.

Domino’s Pizza has raised its dividend payment by an average of 17.1% per year over the last three years and has raised its dividend annually for the last 12 consecutive years.

Domino’s Pizza Stock Up 3.2 %

Shares of NASDAQ DPZ traded up $14.50 during mid-day trading on Tuesday, hitting $470.14. 931,473 shares of the company traded hands, compared to its average volume of 613,608. The business has a 50 day moving average of $441.12 and a two-hundred day moving average of $435.12. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.48 earnings per share. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Barclays upped their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. BMO Capital Markets upped their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $503.41.

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.