Domino’s Pizza (NYSE:DPZ) Raised to “Buy” at Loop Capital

Loop Capital upgraded shares of Domino’s Pizza (NYSE:DPZ) from a hold rating to a buy rating in a report released on Friday morning, MarketBeat.com reports. Loop Capital currently has $559.00 price target on the restaurant operator’s stock, up from their previous price target of $419.00.

Several other equities analysts have also recently commented on DPZ. TD Cowen restated a “buy” rating and issued a $475.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Benchmark reissued a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Morgan Stanley dropped their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $494.38.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $446.87 on Friday. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.47 and a beta of 0.86. The company has a 50-day simple moving average of $421.23 and a 200 day simple moving average of $459.91. Domino’s Pizza has a 52 week low of $367.24 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $4.18 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza will post 16.86 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.35%. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the company. Bayesian Capital Management LP raised its stake in Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after purchasing an additional 4,201 shares in the last quarter. Bessemer Group Inc. raised its stake in Domino’s Pizza by 34.9% in the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after purchasing an additional 44,688 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Domino’s Pizza by 18.7% in the first quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock valued at $27,518,000 after purchasing an additional 8,744 shares in 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, 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.