Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Average Rating of “Moderate Buy” by Brokerages

Domino’s Pizza, Inc. (NASDAQ:DPZ) has received an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $503.41.

A number of analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Barclays boosted their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Oppenheimer upped their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,597 shares of company stock valued at $3,762,052 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of the company. KG&L Capital Management LLC boosted its holdings in Domino’s Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust boosted its holdings in Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after buying an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $425.58 on Monday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06. The stock has a 50 day moving average price of $450.39 and a 200 day moving average price of $437.92. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75.

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

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Domino’s Pizza Company Profile

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.