Domino’s Pizza, Inc. (NYSE:DPZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Domino’s Pizza, Inc. (NYSE:DPZ) has received an average recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $400.62.

Several brokerages have issued reports on DPZ. Northcoast Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Thursday, July 13th. BTIG Research upped their price objective on shares of Domino’s Pizza from $400.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Robert W. Baird upped their price target on shares of Domino’s Pizza from $360.00 to $390.00 in a report on Tuesday, July 25th. Barclays increased their target price on shares of Domino’s Pizza from $320.00 to $335.00 and gave the company an “underweight” rating in a research note on Friday, October 6th. Finally, Citigroup reduced their target price on shares of Domino’s Pizza from $398.00 to $396.00 and set a “neutral” rating for the company in a research note on Friday, October 13th.

Domino’s Pizza Trading Down 1.1 %

Shares of NYSE DPZ opened at $345.94 on Friday. The company has a market cap of $12.07 billion, a PE ratio of 23.66, a P/E/G ratio of 1.90 and a beta of 0.84. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $409.95. The stock has a 50 day simple moving average of $373.44 and a 200-day simple moving average of $351.15.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.87. Domino’s Pizza had a negative return on equity of 12.50% and a net margin of 11.64%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $2.79 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts forecast that Domino’s Pizza will post 14.41 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $1.21 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.40%. Domino’s Pizza’s payout ratio is 33.11%.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. increased its stake in shares of Domino’s Pizza by 281.0% during the 1st quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Domino’s Pizza during the 1st quarter worth about $30,000. KB Financial Partners LLC acquired a new position in shares of Domino’s Pizza during the 1st quarter worth approximately $32,000. UMB Bank n.a. acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $34,000. Finally, OLD Mission Capital LLC acquired a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $42,000. 92.27% of the stock is currently owned by institutional investors and hedge funds.

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.