Domino’s Pizza, Inc. (NASDAQ:DPZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) have received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $503.41.

Several brokerages have recently weighed in on DPZ. Robert W. Baird lowered their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. Finally, Loop Capital reduced their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at $25,000. True Wealth Design LLC boosted its stake in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $425.58 on Monday. The stock has a market cap of $14.60 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.47 and a beta of 1.06. The stock’s 50 day simple moving average is $450.39 and its 200-day simple moving average is $437.92. 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 issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 earnings per share. As a group, research analysts expect that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Domino’s Pizza Company Profile

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.