Domino’s Pizza (NASDAQ:DPZ) Receives “Sector Perform” Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Domino’s Pizza (NASDAQ:DPZFree Report) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $425.00 price objective on the restaurant operator’s stock.

A number of other research analysts also recently commented on the company. Hovde Group set a $460.00 target price on Domino’s Pizza in a report on Monday, January 5th. Sanford C. Bernstein reissued a “market perform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Tuesday. Citigroup lifted their price objective on shares of Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $476.07.

View Our Latest Analysis on DPZ

Domino’s Pizza Stock Up 3.5%

DPZ stock opened at $414.20 on Tuesday. Domino’s Pizza has a 52-week low of $370.70 and a 52-week high of $500.55. The company has a market capitalization of $14.00 billion, a PE ratio of 23.57, a P/E/G ratio of 1.89 and a beta of 1.15. The stock’s 50 day moving average is $406.28 and its two-hundred day moving average is $420.23.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last issued its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.89 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $1.99 dividend. The ex-dividend date is Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 1.9%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is 39.61%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Institutional investors have recently made changes to their positions in the stock. Westpac Banking Corp lifted its holdings in shares of Domino’s Pizza by 31.2% in the second quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 24 shares during the period. Huntleigh Advisors Inc. grew its position in Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the last quarter. Lafayette Investments Inc. increased its holdings in shares of Domino’s Pizza by 2.8% in the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 26 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Domino’s Pizza by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock worth $1,028,000 after acquiring an additional 27 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Domino’s Pizza by 2.9% in the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Key Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

Domino’s Pizza Company Profile

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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.

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