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

Argus reiterated their hold rating on shares of Domino's Pizza (NASDAQ:DPZ - Free Report) in a report released on Tuesday morning,Benzinga reports. Argus currently has a $490.00 target price on the restaurant operator's stock.

DPZ has been the topic of a number of other research reports. Robert W. Baird lifted their price objective on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. BTIG Research set a $530.00 price target on Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Loop Capital raised their price objective on Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research report on Tuesday. Benchmark upped their target price on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Oppenheimer raised their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Stock Performance

Domino's Pizza stock traded up $3.22 during mid-day trading on Tuesday, reaching $484.61. 594,853 shares of the company were exchanged, compared to its average volume of 621,956. The firm has a market cap of $16.62 billion, a P/E ratio of 29.77, a PEG ratio of 2.47 and a beta of 1.15. The business has a fifty day moving average of $464.71 and a 200 day moving average of $450.36. Domino's Pizza has a 12-month low of $396.06 and a 12-month high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the business posted $3.58 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.44%. Domino's Pizza's dividend payout ratio is presently 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 the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. 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 business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Corporate insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sherman Asset Management Inc. acquired a new position in shares of Domino's Pizza during the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Domino's Pizza in the 1st quarter valued at $25,000. LRI Investments LLC purchased a new position in Domino's Pizza in the 1st quarter valued at $27,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Domino's Pizza by 1,016.7% during 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 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, 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.