Domino’s Pizza (NASDAQ:DPZ) Stock Rating Lowered by Argus

Argus cut shares of Domino’s Pizza (NASDAQ:DPZ) from a buy rating to a hold rating in a research report report published on Tuesday, Marketbeat Ratings reports.

A number of other equities analysts also recently issued reports on DPZ. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday. TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Robert W. Baird lowered their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday. Stephens upped their price target on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Morgan Stanley dropped their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $482.28 on Tuesday. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market cap of $16.65 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 0.90. The business’s 50 day moving average price is $443.65 and its 200-day moving average price is $435.98.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.44%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza in the 3rd quarter worth approximately $549,399,000. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after buying an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Commerce Bank raised its stake in Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.