Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Rating of “Hold” from Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has been given an average rating of “Hold” by the thirty-one research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $418.1290.

DPZ has been the subject of several recent research reports. Sanford C. Bernstein decreased their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a report on Tuesday, April 28th. William Blair set a $540.00 target price on Domino’s Pizza in a report on Monday, February 23rd. Mizuho reduced their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a report on Monday, April 27th. Finally, Royal Bank Of Canada reduced their target price on Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Berkshire Hathaway Inc increased its position in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after buying an additional 348,077 shares in the last quarter. Marshfield Associates increased its position in shares of Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after buying an additional 28,765 shares in the last quarter. Mediolanum International Funds Ltd increased its position in shares of Domino’s Pizza by 209.6% in the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after buying an additional 2,813 shares in the last quarter. Machina Capital S.A.S. purchased a new position in shares of Domino’s Pizza in the third quarter valued at $1,557,000. Finally, Teacher Retirement System of Texas increased its position in shares of Domino’s Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after buying an additional 16,179 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $307.53 on Wednesday. The stock has a fifty day moving average price of $343.63 and a 200 day moving average price of $385.20. Domino’s Pizza has a 1-year low of $297.48 and a 1-year high of $496.00. The company has a market cap of $10.23 billion, a PE ratio of 17.70, a P/E/G ratio of 1.45 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same period in the previous year, the company posted $4.33 earnings per share. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts anticipate that Domino’s Pizza will post 19.14 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

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.