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

Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) have been given an average rating of “Moderate Buy” by the twenty-eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $503.04.

Several equities research analysts have recently weighed in on DPZ shares. TD Securities reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, March 31st. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Oppenheimer boosted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, April 1st. Finally, Barclays boosted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th.

Domino’s Pizza Trading Down 1.3 %

DPZ opened at $430.72 on Friday. The stock has a 50-day moving average of $461.83 and a 200 day moving average of $443.70. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The firm has a market cap of $14.77 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results 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 negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.62%. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. KG&L Capital Management LLC raised its holdings in shares of Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after purchasing an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Domino’s Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 28 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.