Domino’s Pizza’s (DPZ) Buy Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Tuesday morning,Benzinga reports. BTIG Research currently has a $425.00 price objective on the restaurant operator’s stock.

DPZ has been the subject of several other reports. Gordon Haskett dropped their price target on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. DA Davidson decreased their price objective on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. BMO Capital Markets lowered their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday. Finally, Wells Fargo & Company dropped their target price on shares of Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $402.16.

Domino’s Pizza Stock Up 1.1%

DPZ opened at $323.25 on Tuesday. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $486.68. The company has a 50-day moving average price of $310.18 and a 200 day moving average price of $355.63. The company has a market cap of $10.69 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $3.81 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza will post 18.87 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,950 shares of company stock worth $611,451 in the last quarter. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Berkshire Hathaway Inc grew its holdings in shares of Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares during the period. Soroban Capital Partners LP purchased a new position in Domino’s Pizza during the first quarter worth about $895,251,000. T. Rowe Price Investment Management Inc. raised its stake in Domino’s Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after purchasing an additional 7,497 shares during the period. State Street Corp raised its stake in Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Domino’s Pizza by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after purchasing an additional 19,019 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00
• Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.