Domino’s Pizza (NASDAQ:DPZ) Receives “Buy” Rating from BTIG Research

BTIG Research reiterated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report published on Wednesday,Benzinga reports. BTIG Research currently has a $530.00 price target on the restaurant operator’s stock.

Several other brokerages also recently issued reports on DPZ. Citigroup lowered their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Royal Bank Of Canada cut shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Guggenheim increased their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. TD Cowen reiterated a “buy” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research note on Tuesday. Finally, UBS Group reiterated a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $489.92.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $417.46 on Wednesday. The company has a market cap of $14.17 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.33 and a beta of 1.12. The stock’s 50-day moving average is $440.23 and its 200-day moving average is $458.09. Domino’s Pizza has a 52-week low of $397.12 and a 52-week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $4.19 earnings per share. As a group, equities analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Insider Buying and Selling

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Praxis Investment Management Inc. bought a new position in Domino’s Pizza during the first quarter worth about $414,000. Sowell Financial Services LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at approximately $282,000. Cornerstone Wealth Group LLC raised its stake in shares of Domino’s Pizza by 41.0% in the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock valued at $9,381,000 after acquiring an additional 5,939 shares during the last quarter. Value Partners Investments Inc. raised its stake in shares of Domino’s Pizza by 317.4% in the first quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator’s stock valued at $3,401,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Domino’s Pizza by 2.9% in the first quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator’s stock valued at $1,056,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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.