Domino’s Pizza (NYSE:DPZ) Earns “Buy” Rating from TD Cowen

TD Cowen restated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a research report report published on Friday morning, Benzinga reports. They currently have a $475.00 price target on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on DPZ. Baird R W raised shares of Domino’s Pizza from a hold rating to a strong-buy rating in a research report on Monday, July 8th. Stephens reaffirmed an equal weight rating and set a $430.00 price objective on shares of Domino’s Pizza in a research report on Thursday. Evercore ISI lowered their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an outperform rating for the company in a research report on Monday, October 7th. Guggenheim lowered their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a neutral rating for the company in a research report on Thursday, September 26th. Finally, Loop Capital reissued a hold rating and set a $419.00 target price on shares of Domino’s Pizza in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Stock Performance

DPZ opened at $429.67 on Friday. The company has a 50-day moving average of $421.63 and a 200-day moving average of $469.31. The company has a market capitalization of $14.99 billion, a P/E ratio of 28.05, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1-year low of $332.13 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $4.18 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Marshfield Associates lifted its position in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after acquiring an additional 2,271 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Domino’s Pizza by 27.8% in the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Domino’s Pizza by 4.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after acquiring an additional 18,030 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.