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

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $490.40.

A number of equities analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating and set a $510.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Royal Bank Of Canada dropped their price target on 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. Wells Fargo & Company cut their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Barclays cut their target price on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares in the company, valued at $2,927,300.64. The trade was a 41.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of DPZ. RMG Wealth Management LLC purchased a new position in Domino’s Pizza in the 2nd quarter valued at approximately $25,000. Signature Resources Capital Management LLC purchased a new position in shares of Domino’s Pizza during the second quarter worth approximately $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Domino’s Pizza in the second quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new stake in Domino’s Pizza during the 2nd quarter valued at $34,000. Finally, Johnson Financial Group Inc. grew its position in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $425.28 on Friday. The firm has a market cap of $14.37 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. Domino’s Pizza has a 52-week low of $392.89 and a 52-week high of $500.55. The business’s 50 day moving average price is $416.68 and its two-hundred day moving average price is $436.43.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion during 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 company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.19 EPS. Research analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were issued a dividend of $1.74 per share. The ex-dividend date was Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is 40.68%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.