TD Cowen Issues Positive Forecast for Domino’s Pizza (NYSE:DPZ) Stock Price

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by TD Cowen from $475.00 to $515.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on the stock. Oppenheimer restated an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Guggenheim cut their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. Piper Sandler reduced their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Finally, BTIG Research lowered their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Domino’s Pizza Trading Down 0.1 %

Shares of Domino’s Pizza stock opened at $472.34 on Monday. The company has a market cap of $16.31 billion, a P/E ratio of 29.01, a PEG ratio of 2.52 and a beta of 0.86. The business has a 50-day moving average price of $430.68 and a two-hundred day moving average price of $454.55. Domino’s Pizza has a 1-year low of $383.05 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.18 earnings per share. Equities research analysts forecast that Domino’s Pizza will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DPZ. True Wealth Design LLC grew its holdings in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Domino’s Pizza in the third quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Versant Capital Management Inc increased its holdings in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza in the 3rd quarter worth approximately $43,000. 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.