Domino’s Pizza (NASDAQ:DPZ) Given Buy Rating at TD Securities

TD Securities reaffirmed their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note released on Monday morning,Benzinga reports. They currently have a $490.00 target price on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on the company. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Morgan Stanley decreased their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Citigroup dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $499.48.

Domino’s Pizza Stock Up 0.6 %

DPZ opened at $490.64 on Monday. The stock has a market cap of $16.83 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a fifty day moving average of $462.91 and a 200-day moving average of $448.85.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. During the same period last year, the firm posted $3.58 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Insider Transactions at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Janney Montgomery Scott LLC grew its holdings in shares of Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC increased its position in Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after buying an additional 1,762 shares in the last quarter. Alta Capital Management LLC increased its holdings in Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after acquiring an additional 1,214 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after purchasing an additional 21,705 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Domino’s Pizza in the fourth quarter worth about $282,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.