Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $499.48.

Several equities analysts have recently commented on DPZ shares. Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets raised their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Citigroup lowered their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Finally, Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Domino’s Pizza Stock Up 0.6 %

Shares of DPZ opened at $490.64 on Tuesday. The company has a market capitalization of $16.83 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock has a fifty day simple moving average of $462.91 and a two-hundred day simple moving average of $448.85. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 EPS. As a group, equities analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed 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 an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, 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 SEC, which is available through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. acquired a new position in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Domino’s Pizza during the first quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the period. 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.