TD Cowen Reaffirms Buy Rating for Domino’s Pizza (NYSE:DPZ)

TD Cowen reiterated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a report published on Monday morning, Benzinga reports. They currently have a $550.00 price objective on the restaurant operator’s stock.

A number of other equities research analysts also recently issued reports on the stock. Gordon Haskett raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target on the stock in a research note on Tuesday, January 16th. Oppenheimer reaffirmed an outperform rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 22nd. Stephens reaffirmed an equal weight rating and set a $479.00 target price on shares of Domino’s Pizza in a research note on Friday, April 12th. Citigroup upped their target price on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Finally, Wedbush reaffirmed an outperform rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $516.19.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $516.42 on Monday. The company’s 50 day simple moving average is $471.46 and its 200-day simple moving average is $422.01. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. Equities analysts expect that Domino’s Pizza will post 15.73 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,401 shares of company stock worth $6,995,948. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently added to or reduced their stakes in the business. Tritonpoint Wealth LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at about $1,980,000. Nisa Investment Advisors LLC increased its holdings in Domino’s Pizza by 353.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after acquiring an additional 3,189 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after acquiring an additional 498,170 shares in the last quarter. Deutsche Bank AG increased its holdings in Domino’s Pizza by 41.2% during the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock valued at $42,609,000 after acquiring an additional 32,797 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at about $269,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.