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

Domino’s Pizza Inc (NASDAQ:DPZ) has been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $490.40.

A number of research firms have recently weighed in on DPZ. Royal Bank Of Canada reduced their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Guggenheim boosted their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Morgan Stanley increased their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, Barclays dropped their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently modified their holdings of DPZ. Vanguard Group Inc. lifted its holdings in Domino’s Pizza by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after buying an additional 36,288 shares during the period. Berkshire Hathaway Inc lifted its stake in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after acquiring an additional 30,647 shares during the period. Invesco Ltd. boosted its holdings in Domino’s Pizza by 9.3% in the third quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after acquiring an additional 78,594 shares during the last quarter. Finally, Marshfield Associates increased its position in Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.3%

DPZ opened at $417.19 on Wednesday. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.21 and a beta of 1.14. Domino’s Pizza has a twelve month low of $392.89 and a twelve month high of $500.55. The company has a 50-day simple moving average of $413.40 and a 200 day simple moving average of $440.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company 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 Dividend Announcement

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

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.