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

Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) have earned an average rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $498.50.

A number of equities analysts have recently issued reports on the stock. TD Securities restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, April 28th. Bank of America increased their target price on shares of Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Robert W. Baird raised their price target on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Finally, Hsbc Global Res upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, April 22nd.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction dated 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 ownership of the stock. 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. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. bought a new position in Domino’s Pizza during the 4th quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new position in Domino’s Pizza during the 4th quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in Domino’s Pizza during the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new stake in Domino’s Pizza in the 1st quarter valued at approximately $27,000. Finally, Zions Bancorporation National Association UT bought a new stake in Domino’s Pizza during the 1st quarter valued at $27,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 0.4%

Shares of Domino’s Pizza stock opened at $480.43 on Friday. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $538.44. The firm’s 50 day moving average is $471.59 and its two-hundred day moving average is $456.56. The firm has a market capitalization of $16.45 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned $3.58 EPS. Domino’s Pizza’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.91%.

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.