Domino’s Pizza’s (DPZ) Hold Rating Reiterated at Argus

Argus reaffirmed their hold rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Tuesday,Benzinga reports. They currently have a $490.00 price target on the restaurant operator’s stock.

A number of other research analysts have also recently commented on DPZ. Barclays increased their price target on shares of Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price target on shares of Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their target price on Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Benchmark boosted their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $498.50.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $481.39 on Tuesday. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $538.44. The firm has a market cap of $16.51 billion, a PE ratio of 29.57, a PEG ratio of 2.47 and a beta of 1.15. The company has a 50 day simple moving average of $464.42 and a two-hundred day simple moving average of $449.81.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.58 earnings per share. As a group, research analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. Domino’s Pizza’s payout ratio is currently 39.91%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % 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. Insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new stake in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Domino’s Pizza during the 1st quarter worth $25,000. LRI Investments LLC bought a new stake in shares of Domino’s Pizza during the 1st quarter valued at $27,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. 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.