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

Domino’s Pizza, Inc. (NYSE:DPZ) has earned an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $525.66.

DPZ has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. TD Cowen boosted their price target on shares of Domino’s Pizza from $580.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Benchmark boosted their price target on shares of Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. UBS Group boosted their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a report on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target for the company.

Insider Activity

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $322,859,000. TD Asset Management Inc lifted its position in shares of Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares in the last quarter. Norges Bank acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth about $208,604,000. Finally, International Assets Investment Management LLC increased its stake in shares of Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after buying an additional 498,170 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

DPZ opened at $492.61 on Wednesday. The firm has a fifty day moving average price of $516.13 and a 200 day moving average price of $467.99. Domino’s Pizza has a 1 year low of $328.03 and a 1 year high of $542.75. The stock has a market cap of $17.18 billion, a P/E ratio of 32.15, a P/E/G ratio of 2.55 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $2.93 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Domino’s Pizza will post 16 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.23%. Domino’s Pizza’s payout ratio is 39.43%.

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.