Domino’s Pizza Inc (NASDAQ:DPZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Domino’s Pizza Inc (NASDAQ:DPZ) has earned an average recommendation of “Moderate Buy” from the thirty research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $412.9677.

A number of analysts have recently weighed in on the company. Citigroup cut their price objective on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th. Northcoast Research cut their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Evercore cut their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Benchmark cut their price objective on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday.

Domino’s Pizza Trading Up 4.5%

Domino’s Pizza stock opened at $298.18 on Friday. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $496.00. The stock’s fifty day simple moving average is $321.40 and its 200-day simple moving average is $371.41. The firm has a market capitalization of $9.92 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $4.33 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza will post 18.99 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 21st. The shares were 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 directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,463 shares of company stock valued at $466,807 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Jump Financial LLC purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario increased its holdings in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after buying an additional 14,452 shares during the last quarter. Glenview Trust co increased its holdings in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after buying an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.