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

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $487.33.

A number of equities research analysts have issued reports on DPZ shares. Morgan Stanley boosted their price target on Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a research report on Thursday. Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. Redburn Atlantic initiated coverage on Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 target price for the company. Guggenheim reaffirmed a “neutral” rating on shares of Domino’s Pizza in a research report on Thursday, May 15th. Finally, BTIG Research set a $530.00 target price on Domino’s Pizza and gave the stock a “buy” rating in a research report on Monday, April 28th.

Domino’s Pizza Stock Down 1.2%

Shares of NASDAQ:DPZ opened at $464.48 on Friday. The company has a market cap of $15.90 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.64 and a beta of 1.09. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $500.55. The business has a fifty day simple moving average of $467.18 and a 200-day simple moving average of $459.03.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data 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 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, June 13th. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

Institutional Trading of Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Proficio Capital Partners LLC acquired a new stake in Domino’s Pizza in the 4th quarter valued at approximately $15,724,000. Daiwa Securities Group Inc. boosted its stake in Domino’s Pizza by 9.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,188 shares of the restaurant operator’s stock valued at $2,177,000 after purchasing an additional 431 shares in the last quarter. Independent Advisor Alliance boosted its stake in Domino’s Pizza by 30.1% during the 4th quarter. Independent Advisor Alliance now owns 825 shares of the restaurant operator’s stock valued at $346,000 after purchasing an additional 191 shares in the last quarter. AGF Management Ltd. boosted its stake in Domino’s Pizza by 60.6% during the 4th quarter. AGF Management Ltd. now owns 1,781 shares of the restaurant operator’s stock valued at $748,000 after purchasing an additional 672 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in Domino’s Pizza by 31.6% during the 4th quarter. Moors & Cabot Inc. now owns 625 shares of the restaurant operator’s stock valued at $262,000 after purchasing an additional 150 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.