Domino's Pizza Inc (NASDAQ:DPZ) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Domino’s Pizza has a consensus “Hold” rating from 31 brokerages: 16 analysts rate it a buy, 14 a hold and one a sell. The average 12-month price target is $398.06, above the reported share price of $317.30.
• The company’s latest quarterly results were mixed: revenue rose 4.3% year over year to $1.19 billion, but adjusted earnings of $4.07 per share missed the $4.17 analyst consensus.
• Insiders sold shares worth approximately $7.7 million over the past 90 days, while institutional investors own 94.63% of the company. Domino’s also announced a quarterly dividend of $1.99 per share, equivalent to a 2.5% annualized yield.

Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) has earned an average rating of "Hold" from the thirty-one brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $398.0645.

A number of brokerages have issued reports on DPZ. Wells Fargo & Company upped their price objective on shares of Domino's Pizza from $325.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. TD Cowen lifted their target price on shares of Domino's Pizza from $310.00 to $320.00 and gave the stock a "hold" rating in a research report on Thursday. Evercore restated an "outperform" rating on shares of Domino's Pizza in a research note on Thursday, July 9th. Oppenheimer reduced their target price on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Domino's Pizza from $435.00 to $385.00 and set a "buy" rating for the company in a research report on Thursday, July 9th.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly Garcia sold 12,430 shares of the firm's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell Weiner sold 10,850 shares of Domino's Pizza stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 23,767 shares of company stock valued at $7,737,107. Insiders own 0.89% of the company's stock.

Institutional Trading of Domino's Pizza

A number of large investors have recently added to or reduced their stakes in DPZ. Sequoia Financial Advisors LLC boosted its stake in Domino's Pizza by 21.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,938 shares of the restaurant operator's stock valued at $574,000 after acquiring an additional 346 shares during the last quarter. Tidal Investments LLC grew its position in shares of Domino's Pizza by 41.0% during the 2nd quarter. Tidal Investments LLC now owns 35,221 shares of the restaurant operator's stock valued at $10,427,000 after acquiring an additional 10,244 shares during the period. WINTON GROUP Ltd increased its stake in shares of Domino's Pizza by 857.8% during the 2nd quarter. WINTON GROUP Ltd now owns 18,868 shares of the restaurant operator's stock worth $5,586,000 after purchasing an additional 16,898 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Domino's Pizza by 16.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,279 shares of the restaurant operator's stock worth $675,000 after purchasing an additional 317 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Domino's Pizza by 117.2% in the 2nd quarter. NewEdge Advisors LLC now owns 3,076 shares of the restaurant operator's stock worth $911,000 after purchasing an additional 1,660 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Price Performance

DPZ opened at $317.30 on Friday. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.48 and a beta of 0.94. The firm's fifty day moving average price is $336.15 and its two-hundred day moving average price is $342.49. Domino's Pizza has a 1 year low of $282.00 and a 1 year high of $458.29.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion during the quarter. During the same period in the prior year, the company posted $3.81 EPS. Domino's Pizza's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Domino's Pizza will post 18.88 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is 45.15%.

About Domino's Pizza

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

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