Domino’s Pizza (NASDAQ:DPZ) Earns Sell Rating from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a sell rating and a $340.00 target price on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Royal Bank of Canada raised their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Benchmark lifted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Guggenheim reissued a “neutral” rating on shares of Domino’s Pizza in a research note on Thursday, May 15th. Finally, Loop Capital lifted their target price on shares of Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $492.16.

Domino’s Pizza Stock Performance

DPZ stock opened at $451.00 on Tuesday. The company has a fifty day moving average price of $473.64 and a 200-day moving average price of $458.67. The company has a market capitalization of $15.44 billion, a P/E ratio of 27.70, a PEG ratio of 2.47 and a beta of 1.11. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $538.37.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.58 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DPZ. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Domino’s Pizza by 2.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,873 shares of the restaurant operator’s stock valued at $1,626,000 after purchasing an additional 103 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Domino’s Pizza by 65.0% during the fourth quarter. Apollon Wealth Management LLC now owns 774 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 305 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Domino’s Pizza during the fourth quarter valued at about $540,000. Finally, Stephens Inc. AR lifted its position in shares of Domino’s Pizza by 1.3% during the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after purchasing an additional 31 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile

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.