Domino’s Pizza, Inc. (NYSE:DPZ) Receives Average Recommendation of “Hold” from Analysts

Domino’s Pizza, Inc. (NYSE:DPZ) has received a consensus rating of “Hold” from the twenty-seven research firms that are presently covering the stock, Marketbeat reports. Sixteen analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $498.76.

A number of equities analysts recently issued reports on the company. Barclays raised their price target on Domino’s Pizza from $395.00 to $414.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 1st. downgraded Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $480.00 price objective for the company. in a research report on Tuesday, July 6th. Wells Fargo & Company boosted their price target on Domino’s Pizza from $420.00 to $446.00 and gave the company an “equal weight” rating in a report on Wednesday, July 14th. BTIG Research boosted their price target on Domino’s Pizza from $525.00 to $625.00 and gave the company a “buy” rating in a report on Friday, July 23rd. Finally, Oppenheimer upped their price objective on Domino’s Pizza from $450.00 to $585.00 and gave the stock an “outperform” rating in a report on Friday, July 23rd.

In other news, VP Jessica L. Parrish sold 100 shares of the business’s stock in a transaction on Thursday, July 29th. The shares were sold at an average price of $530.00, for a total value of $53,000.00. Following the sale, the vice president now owns 1,036 shares of the company’s stock, valued at $549,080. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Russell J. Weiner sold 54,130 shares of the business’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $537.71, for a total transaction of $29,106,242.30. Following the completion of the sale, the chief operating officer now directly owns 64,583 shares in the company, valued at approximately $34,726,924.93. The disclosure for this sale can be found here. Insiders sold 69,436 shares of company stock valued at $37,157,679 in the last quarter. Corporate insiders own 1.32% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. CX Institutional raised its position in Domino’s Pizza by 48.9% during the second quarter. CX Institutional now owns 67 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 22 shares in the last quarter. Twin Lakes Capital Management LLC bought a new stake in Domino’s Pizza during the first quarter worth $36,000. Berman Capital Advisors LLC raised its position in Domino’s Pizza by 138.1% during the second quarter. Berman Capital Advisors LLC now owns 100 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 58 shares in the last quarter. Allred Capital Management LLC bought a new stake in Domino’s Pizza during the first quarter worth $56,000. Finally, Advisory Services Network LLC bought a new stake in Domino’s Pizza during the second quarter worth $58,000. 94.37% of the stock is currently owned by institutional investors and hedge funds.

DPZ opened at $506.96 on Friday. Domino’s Pizza has a 52 week low of $319.71 and a 52 week high of $548.72. The business has a fifty day simple moving average of $511.51 and a 200-day simple moving average of $445.12. The firm has a market cap of $18.68 billion, a P/E ratio of 40.88, a P/E/G ratio of 3.14 and a beta of 0.47.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 22nd. The restaurant operator reported $3.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.26. Domino’s Pizza had a negative return on equity of 13.60% and a net margin of 11.18%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $971.99 million. During the same period last year, the business posted $2.99 earnings per share. Domino’s Pizza’s revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Domino’s Pizza will post 13.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 31.31%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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