Domino’s Pizza (NASDAQ:DPZ) Reaches New 52-Week Low – Here’s What Happened

Domino’s Pizza Inc (NASDAQ:DPZ) hit a new 52-week low on Thursday . The stock traded as low as $359.06 and last traded at $362.53, with a volume of 943326 shares. The stock had previously closed at $360.09.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DPZ. Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Barclays dropped their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Up 0.7%

The company has a market cap of $12.19 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.55 and a beta of 1.16. The business has a fifty day simple moving average of $394.95 and a 200 day simple moving average of $411.58.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.89 EPS. Equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a yield of 2.2%. Domino’s Pizza’s payout ratio is currently 45.30%.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc grew its holdings in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after buying an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after acquiring an additional 7,497 shares during the period. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.8% in the 3rd 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. State Street Corp raised its holdings in Domino’s Pizza by 3.8% in the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after acquiring an additional 49,613 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.