Domino’s Pizza’s (DPZ) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Tuesday,Benzinga reports. The firm currently has a $425.00 price target on the restaurant operator’s stock.

DPZ has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research report on Monday. UBS Group set a $500.00 target price on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $475.71.

Domino’s Pizza Trading Down 1.2%

NASDAQ:DPZ opened at $399.29 on Tuesday. The company has a market cap of $13.43 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. The company has a 50 day simple moving average of $404.95 and a two-hundred day simple moving average of $419.98. Domino’s Pizza has a 12 month low of $370.70 and a 12 month high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm had revenue of $1.54 billion during the quarter. During the same quarter in the prior year, the business posted $4.89 EPS. Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is 39.61%.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently bought and sold shares of the business. Kera Capital Partners Inc. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $333,000. Virtu Financial LLC bought a new position in Domino’s Pizza in the 4th quarter worth approximately $2,952,000. Kovitz Investment Group Partners LLC grew its holdings in Domino’s Pizza by 819.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 12,647 shares of the restaurant operator’s stock valued at $5,271,000 after buying an additional 11,272 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after buying an additional 7,497 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Domino’s Pizza by 4.5% during the fourth quarter. Invesco Ltd. now owns 961,000 shares of the restaurant operator’s stock valued at $400,564,000 after buying an additional 41,170 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.