Domino’s Pizza, Inc. (NASDAQ:DPZ) Declares Dividend Increase – $1.74 Per Share

Domino’s Pizza, Inc. (NASDAQ:DPZ) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 1.74 per share by the restaurant operator on Friday, March 28th. This represents a $6.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51.

Domino’s Pizza has raised its dividend by an average of 17.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Domino’s Pizza Price Performance

DPZ traded up $14.50 during trading on Tuesday, hitting $470.14. The company had a trading volume of 931,473 shares, compared to its average volume of 613,608. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The company has a market cap of $16.23 billion, a PE ratio of 28.88, a P/E/G ratio of 2.47 and a beta of 0.90. The business has a 50-day moving average of $441.12 and a 200-day moving average of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business posted $4.48 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DPZ. Stephens upped their price target on Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday. Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Benchmark reissued a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

About Domino’s Pizza

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.