Domino’s Pizza (NASDAQ:DPZ) Sets New 52-Week Low – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price reached a new 52-week low on Friday . The stock traded as low as $365.10 and last traded at $369.9170, with a volume of 195548 shares trading hands. The stock had previously closed at $375.30.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DPZ. BTIG Research reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. Barclays cut their price objective on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a report on Wednesday, January 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company dropped their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $475.71.

Domino’s Pizza Stock Performance

The business’s 50 day moving average is $397.84 and its 200-day moving average is $413.70. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.61 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.89 EPS. Sell-side 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. Stockholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 13th. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after acquiring an additional 910,529 shares during the last quarter. Norges Bank acquired a new stake in shares of Domino’s Pizza in the fourth quarter worth approximately $285,116,000. Berkshire Hathaway Inc increased its position 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 purchasing an additional 368,055 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after purchasing an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP raised its stake in Domino’s Pizza by 8,229.8% in the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock valued at $104,609,000 after purchasing an additional 239,405 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.