Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have earned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $471.7857.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $460.00 to $450.00 in a research report on Tuesday, February 24th. William Blair set a $540.00 target price on Domino’s Pizza in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $480.00 target price on Domino’s Pizza in a research note on Wednesday. Royal Bank Of Canada dropped their price target on Domino’s Pizza from $425.00 to $400.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Guggenheim cut their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Berkshire Hathaway Inc increased its position in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after acquiring an additional 7,497 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares during the period. State Street Corp boosted its stake in Domino’s Pizza by 3.8% in the 4th 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 increased its holdings in Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $372.06 on Tuesday. Domino’s Pizza has a 52-week low of $346.31 and a 52-week high of $499.08. The stock has a market cap of $12.51 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.60 and a beta of 1.18. The firm has a 50 day moving average price of $382.33 and a 200 day moving average price of $402.91.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.89 EPS. Analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date was Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 2.1%. Domino’s Pizza’s dividend payout ratio is 45.30%.

About Domino’s Pizza

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.