Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) has been assigned an average rating of “Moderate Buy” from the thirty-two ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $380.87.
DPZ has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Robert W. Baird decreased their price target on Domino’s Pizza from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Morgan Stanley lowered their price target on shares of Domino’s Pizza from $357.00 to $345.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th. Finally, Bank of America reduced their price objective on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th.
Read Our Latest Research Report on Domino’s Pizza
Domino’s Pizza Trading Up 5.4%
DPZ opened at $340.69 on Friday. Domino’s Pizza has a 12 month low of $282.00 and a 12 month high of $442.35. The company has a market cap of $11.21 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.49 and a beta of 0.95. The company has a 50 day moving average of $313.30 and a 200 day moving average of $342.16.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the company earned $4.08 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 19.10 earnings per share for the current fiscal year.
Domino’s Pizza Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is currently 43.86%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in DPZ. Soroban Capital Partners LP bought a new stake in Domino’s Pizza in the 1st quarter worth approximately $895,251,000. BlackRock Inc. bought a new position in Domino’s Pizza during the 2nd quarter valued at approximately $715,704,000. Arrowstreet Capital Limited Partnership raised its holdings in Domino’s Pizza by 247.9% in 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 in the last quarter. Van ECK Associates Corp lifted its stake in shares of Domino’s Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after purchasing an additional 477,968 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after buying an additional 22,320 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
About Domino’s Pizza
Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.
The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.
Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.
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