Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) has been given an average rating of “Hold” by the thirty-one brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $418.1290.
DPZ has been the topic of a number of research reports. BTIG Research cut their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Evercore cut their target price on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. The Goldman Sachs Group cut their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, Piper Sandler cut their target price on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th.
Get Our Latest Stock Report on Domino’s Pizza
Domino’s Pizza Price Performance
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.Domino’s Pizza’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.33 earnings per share. Sell-side analysts forecast that Domino’s Pizza will post 19.07 EPS for the current fiscal year.
Domino’s Pizza Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.
Insider Buying and Selling
In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were 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. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Soroban Capital Partners LP purchased a new stake in Domino’s Pizza during the 1st quarter worth approximately $895,251,000. Northwestern Mutual Wealth Management Co. grew its position in Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Norges Bank purchased a new stake in Domino’s Pizza during the 4th quarter worth approximately $285,116,000. Arrowstreet Capital Limited Partnership grew its position in Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Finally, Berkshire Hathaway Inc grew its position in Domino’s Pizza by 12.3% during the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.
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.
Read More
- Five stocks we like better than Domino’s Pizza
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.
