Domino’s Pizza’s (DPZ) Buy Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report sent to investors on Friday morning,Benzinga reports. BTIG Research currently has a $530.00 price objective on the restaurant operator’s stock.

Several other brokerages have also weighed in on DPZ. Weiss Ratings lowered shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Citigroup lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Barclays dropped their price target on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. UBS Group restated a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Finally, Loop Capital boosted their target price on Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.32.

Domino’s Pizza Stock Up 0.4%

NASDAQ DPZ opened at $410.16 on Friday. The stock has a market cap of $13.86 billion, a PE ratio of 23.97, a P/E/G ratio of 2.15 and a beta of 1.09. The business has a 50 day moving average price of $421.99 and a two-hundred day moving average price of $449.28. Domino’s Pizza has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.19 EPS. Sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DPZ. DekaBank Deutsche Girozentrale grew its stake in shares of Domino’s Pizza by 2.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after acquiring an additional 228 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Domino’s Pizza during the first quarter worth $110,348,000. Sterling Capital Management LLC grew its position in Domino’s Pizza by 2,076.8% in the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock valued at $81,146,000 after purchasing an additional 171,811 shares in the last quarter. Scientech Research LLC lifted its position in Domino’s Pizza by 86.7% during the 1st quarter. Scientech Research LLC now owns 2,423 shares of the restaurant operator’s stock worth $1,113,000 after buying an additional 1,125 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Domino’s Pizza by 6.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,707 shares of the restaurant operator’s stock worth $4,919,000 after buying an additional 653 shares during the last quarter. 94.63% of the stock is 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.