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

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been given an average recommendation of “Moderate Buy” by the thirty brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $411.3548.

A number of equities analysts have weighed in on the stock. Northcoast Research decreased their price target on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Barclays cut their target price on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a research report on Monday, April 27th. Loop Capital reduced their target price on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. BTIG Research lowered their price target on Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, Benchmark lowered their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $311.66 on Friday. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. Domino’s Pizza has a fifty-two week low of $282.00 and a fifty-two week high of $496.00. The stock’s fifty day moving average is $314.84 and its two-hundred day moving average is $367.20.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.33 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $1.99 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently modified their holdings of DPZ. Berkshire Hathaway Inc grew its stake in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after buying an additional 348,077 shares during the last quarter. Marshfield Associates grew its position in shares of Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after acquiring an additional 28,765 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Domino’s Pizza by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after acquiring an additional 16,179 shares during the last quarter. Amica Mutual Insurance Co. increased its holdings in shares of Domino’s Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after acquiring an additional 6,203 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after acquiring an additional 6,223 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.