Shares of Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) have received a consensus rating of “Hold” from the thirty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $419.7419.
A number of research firms recently weighed in on DPZ. Morgan Stanley decreased their price target on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Friday, March 27th. Benchmark lowered their price target on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating for the company in a report on Friday, April 24th.
Read Our Latest Stock Report on Domino’s Pizza
Domino’s Pizza Stock Down 0.6%
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.33 EPS. Analysts expect that Domino’s Pizza will post 19.15 EPS for the current year.
Domino’s Pizza Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. 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 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.
Insider Activity
In other news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,107,763.12. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.
Hedge Funds Weigh In On Domino’s Pizza
Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc increased its position 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 buying an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 worth $837,091,000 after buying an additional 7,497 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares in the last quarter. State Street Corp increased its holdings in Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after acquiring an additional 49,613 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 1.9% in the fourth 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 in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Domino’s Pizza
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
- MarketBeat Week in Review – 05/11 – 05/15
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
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.
