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

Domino’s Pizza Inc (NASDAQ:DPZ) has received a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $490.40.

DPZ has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Piper Sandler reissued a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Royal Bank Of Canada lowered their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 15th. Citigroup reduced their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Finally, Bank of America increased their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th.

Domino’s Pizza Stock Up 2.0%

NASDAQ DPZ opened at $425.28 on Friday. Domino’s Pizza has a 52 week low of $392.89 and a 52 week high of $500.55. The stock’s 50-day moving average price is $416.68 and its 200-day moving average price is $436.43. The company has a market capitalization of $14.37 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $4.19 EPS. Domino’s Pizza’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino’s Pizza’s payout ratio is 40.68%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Domino’s Pizza during the 2nd quarter worth $202,680,000. Berkshire Hathaway Inc lifted its holdings in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Domino’s Pizza by 2,845.4% during the 3rd quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after purchasing an additional 255,060 shares during the period. Woodline Partners LP raised its stake in Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during the period. Finally, Marshall Wace LLP purchased a new position in Domino’s Pizza in the third quarter valued at approximately $80,549,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.