Stephens reissued their equal weight rating on shares of Domino’s Pizza (NYSE:DPZ – Free Report) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $365.00 price objective on the restaurant operator’s stock.
Other equities research analysts have also recently issued reports about the stock. BTIG Research lifted their price objective on shares of Domino’s Pizza from $400.00 to $465.00 and gave the company a buy rating in a research note on Wednesday, July 19th. Citigroup boosted their target price on shares of Domino’s Pizza from $405.00 to $431.00 and gave the stock a neutral rating in a report on Monday, July 24th. Wells Fargo & Company raised their target price on shares of Domino’s Pizza from $310.00 to $375.00 in a report on Thursday, July 13th. Royal Bank of Canada increased their price target on Domino’s Pizza from $440.00 to $460.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Evercore ISI boosted their price objective on Domino’s Pizza from $360.00 to $420.00 and gave the stock an outperform rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $392.97.
Domino’s Pizza Stock Down 1.7 %
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The restaurant operator reported $3.08 EPS for the quarter, topping the consensus estimate of $3.06 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.07 billion. Domino’s Pizza had a net margin of 10.49% and a negative return on equity of 11.24%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Analysts expect that Domino’s Pizza will post 13.73 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, September 29th. Shareholders of record on Friday, September 15th will be paid a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s payout ratio is 36.58%.
Insider Activity at Domino’s Pizza
In other Domino’s Pizza news, EVP Cynthia A. Headen sold 382 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total value of $152,800.00. Following the sale, the executive vice president now directly owns 4,333 shares in the company, valued at $1,733,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 427 shares of company stock worth $170,095 in the last ninety days. Company insiders own 0.76% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Domino’s Pizza by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock valued at $1,982,000 after purchasing an additional 302 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Domino’s Pizza by 15.3% in the 1st quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock valued at $2,565,000 after acquiring an additional 838 shares in the last quarter. Sei Investments Co. increased its position in shares of Domino’s Pizza by 2.3% in the first quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock valued at $6,034,000 after acquiring an additional 339 shares during the last quarter. Aviva PLC boosted its position in Domino’s Pizza by 35.3% during the first quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock valued at $7,033,000 after purchasing an additional 4,505 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Domino’s Pizza by 1,387.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock valued at $733,000 after purchasing an additional 1,679 shares in the last quarter. 92.27% of the stock is currently owned by institutional investors.
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.
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