Domino’s Pizza Inc (NASDAQ:DPZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and two have given a strong 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 $469.1071.

Several brokerages have recently weighed in on DPZ. Barclays upgraded Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Guggenheim reduced their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $460.00 to $450.00 in a research report on Tuesday, February 24th. Finally, Citigroup reduced their price target on shares of Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th.

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the stock. SHP Wealth Management bought a new position in shares of Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in Domino’s Pizza in the first quarter worth about $31,000. Finally, CYBER HORNET ETFs LLC bought a new position in Domino’s Pizza in the second quarter worth about $42,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.2%

Shares of Domino’s Pizza stock traded down $0.56 during trading hours on Tuesday, hitting $368.90. 59,091 shares of the company’s stock traded hands, compared to its average volume of 898,778. The stock has a 50 day simple moving average of $381.88 and a 200-day simple moving average of $402.30. The company has a market cap of $12.41 billion, a PE ratio of 21.02, a PEG ratio of 1.63 and a beta of 1.18. Domino’s Pizza has a twelve month low of $346.31 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results 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). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.89 EPS. As a group, equities research analysts predict that Domino’s Pizza will post 19.75 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a dividend of $1.99 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.2%. Domino’s Pizza’s dividend payout ratio is 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.