Domino’s Pizza Inc (NASDAQ:DPZ) Given Average Recommendation of “Hold” by Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has been assigned a consensus rating of “Hold” from the twenty-eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $475.7143.

DPZ has been the subject of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. Stifel Nicolaus dropped their price objective on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Morgan Stanley restated an “equal weight” rating and set a $455.00 target price (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its stake in Domino’s Pizza by 8.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 17,684 shares of the restaurant operator’s stock worth $7,371,000 after buying an additional 1,330 shares during the last quarter. Meadowbrook Advisors Group LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at about $1,387,000. PeakShares LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at about $226,000. SHP Wealth Management acquired a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Domino’s Pizza by 506.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.8%

DPZ opened at $360.09 on Friday. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.58 and a beta of 1.16. Domino’s Pizza has a 12-month low of $359.67 and a 12-month high of $499.08. The business’s fifty day simple moving average is $395.84 and its 200-day simple moving average is $411.93.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm had revenue of $1.54 billion during the quarter. During the same period in the prior year, the firm earned $4.89 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a dividend of $1.99 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.2%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.30%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.