Domino’s Pizza (NASDAQ:DPZ) Reaches New 1-Year Low – What’s Next?

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $359.06 and last traded at $362.53, with a volume of 943326 shares changing hands. The stock had previously closed at $360.09.

Analysts Set New Price Targets

Several analysts have commented on the company. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a report on Monday, February 23rd. BTIG Research reissued a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Stifel Nicolaus dropped their price target on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $460.00 to $450.00 in a research note on Tuesday, February 24th. Finally, Citigroup lifted their price target on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $475.71.

Domino’s Pizza Price Performance

The firm’s 50-day moving average price is $394.95 and its 200-day moving average price is $411.58. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last posted 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). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion for the quarter. During the same quarter last year, the firm earned $4.89 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s payout ratio is presently 45.30%.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its holdings in Domino’s Pizza by 3.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 4,827 shares of the restaurant operator’s stock worth $2,175,000 after acquiring an additional 160 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Domino’s Pizza by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 243,287 shares of the restaurant operator’s stock valued at $109,625,000 after purchasing an additional 3,112 shares during the period. Prudential Financial Inc. raised its stake in shares of Domino’s Pizza by 9.0% during the second quarter. Prudential Financial Inc. now owns 19,846 shares of the restaurant operator’s stock valued at $8,943,000 after purchasing an additional 1,632 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Domino’s Pizza during the second quarter worth $712,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Domino’s Pizza during the second quarter worth $2,138,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

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.