Domino’s Pizza, Inc. (NASDAQ:DPZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Domino’s Pizza, Inc. (NASDAQ:DPZ) has earned a consensus rating of “Moderate Buy” from the twenty-eight analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $503.41.

Several research firms have recently issued reports on DPZ. Citigroup upped their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Loop Capital reduced their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Monday, March 3rd. Morgan Stanley cut their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. Sherman Asset Management Inc. purchased a new stake in Domino’s Pizza in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza during the fourth quarter valued at $25,000. True Wealth Design LLC lifted its position in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Brown Brothers Harriman & Co. lifted its position in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $472.05 on Monday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a 50 day moving average price of $449.79 and a two-hundred day moving average price of $437.76.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.48 EPS. As a group, equities research analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

About Domino’s Pizza

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.