Domino’s Pizza (NASDAQ:DPZ) Cut to Hold at Argus

Argus downgraded shares of Domino’s Pizza (NASDAQ:DPZ) from a buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat reports.

A number of other analysts have also commented on DPZ. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Barclays raised their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Up 0.7 %

Shares of NASDAQ DPZ opened at $482.28 on Tuesday. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market cap of $16.65 billion, a PE ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 0.90. The company’s fifty day simple moving average is $443.65 and its 200 day simple moving average is $435.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.48 earnings per share. On average, equities analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. Domino’s Pizza’s payout ratio is presently 37.10%.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza in the fourth quarter worth $25,000. True Wealth Design LLC increased its position in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd boosted its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.