Domino’s Pizza, Inc. (NYSE:DPZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received a consensus rating of “Moderate Buy” from the thirty research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $495.76.

A number of brokerages have recently issued reports on DPZ. Stephens cut their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Wedbush reaffirmed an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, BTIG Research reduced their price objective on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $429.62 on Wednesday. Domino’s Pizza has a 1 year low of $395.08 and a 1 year high of $542.75. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.47 and a beta of 0.88. The firm’s 50-day moving average is $442.28 and its two-hundred day moving average is $444.70.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $4.18 earnings per share. On average, equities analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Insider Buying and Selling

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. True Wealth Design LLC lifted its position in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Domino’s Pizza in the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Domino’s Pizza in the 3rd quarter valued at $43,000. Blue Trust Inc. boosted its stake in Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after buying an additional 34 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.