Domino’s Pizza (NASDAQ:DPZ) Given “Buy” Rating at TD Securities

TD Securities reiterated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $490.00 target price on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the stock. Loop Capital cut their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Barclays boosted their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $468.35 on Monday. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.47 and a beta of 1.06. The stock has a fifty day moving average of $461.12 and a two-hundred day moving average of $442.65.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 EPS. On average, analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,597 shares of company stock valued at $3,762,052. Corporate insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC grew its position in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. 94.63% of the stock is currently 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.