Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Average Rating of “Moderate Buy” by Brokerages

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

DPZ has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Benchmark reiterated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. TD Securities restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday. Morgan Stanley dropped their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,597 shares of company stock worth $3,762,052. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd grew its stake 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 worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $463.78 on Friday. The stock has a market capitalization of $15.91 billion, a P/E ratio of 28.49, a PEG ratio of 2.47 and a beta of 1.06. The business has a 50 day simple moving average of $461.44 and a two-hundred day simple moving average of $442.80. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75.

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

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. 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 dividend yield of 1.50%. Domino’s Pizza’s payout ratio is presently 41.70%.

Domino’s Pizza Company Profile

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.