Domino’s Pizza (NASDAQ:DPZ) Research Coverage Started at Redburn Atlantic

Redburn Atlantic started coverage on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a sell rating and a $340.00 target price on the restaurant operator’s stock.

DPZ has been the topic of several other reports. BTIG Research set a $530.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research report on Monday, April 28th. Argus reaffirmed a “hold” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 29th. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Wells Fargo & Company upped their target price on shares of Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $492.16.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $451.00 on Tuesday. The company’s 50-day moving average price is $473.64 and its two-hundred day moving average price is $458.67. Domino’s Pizza has a one year low of $396.06 and a one year high of $538.37. The stock has a market capitalization of $15.44 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $3.58 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.54%. Domino’s Pizza’s payout ratio is presently 39.91%.

Insiders Place Their Bets

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc lifted its stake in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after purchasing an additional 53,124 shares during the last quarter. Geode Capital Management LLC lifted its stake in Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. lifted its stake in Domino’s Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Finally, Norges Bank bought a new position in Domino’s Pizza in the 4th quarter valued at approximately $250,571,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.