Domino’s Pizza (NASDAQ:DPZ) Stock Moved Up to “Strong-Buy” by Berenberg Bank

Berenberg Bank upgraded shares of Domino’s Pizza (NASDAQ:DPZ) to a strong-buy rating in a research note released on Monday,Zacks reports.

A number of other equities analysts have also recently commented on DPZ. UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a research note on Monday. Citigroup lowered their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Wells Fargo & Company lifted their price target on Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. TD Cowen boosted their price objective on Domino’s Pizza from $310.00 to $320.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Finally, Guggenheim decreased their price objective on Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell 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 $392.58.

Domino’s Pizza Price Performance

Shares of DPZ opened at $303.10 on Monday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Domino’s Pizza has a 1 year low of $282.00 and a 1 year high of $442.35. The business’s 50 day simple moving average is $328.19 and its 200-day simple moving average is $329.17.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.81 earnings per share. On average, sell-side analysts expect that Domino’s Pizza will post 18.95 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell Weiner sold 10,850 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. Soroban Capital Partners LP purchased a new position in Domino’s Pizza during the 1st quarter worth $895,251,000. BlackRock Inc. purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth $715,704,000. Van ECK Associates Corp grew its position in shares of Domino’s Pizza by 937,192.2% during the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after buying an additional 477,968 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares in the last quarter. Finally, Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares during the period. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.