Domino’s Pizza (NASDAQ:DPZ) Given “Buy” Rating at TD Securities

TD Securities reissued their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Monday morning,Benzinga reports. The firm currently has a $490.00 target price on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. Citigroup boosted their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Barclays decreased their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Finally, Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price target for the company from $419.00 to $559.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

DPZ stock opened at $479.11 on Monday. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock’s 50 day simple moving average is $442.56 and its 200 day simple moving average is $435.66. The company has a market cap of $16.54 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

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

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.45%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is currently 37.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $25,000. True Wealth Design LLC increased its position in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd lifted its position in shares of Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.