Domino's Pizza Inc (NASDAQ:DPZ) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Domino's Pizza Inc has received an average recommendation of "Moderate Buy" from 28 brokerages, with one analyst issuing a strong buy rating and two providing sell ratings.
• The company's shares opened at $422.75, and the average 12-month target price among brokers is approximately $490.78.
• Domino's recently announced a quarterly dividend of $1.74 per share, with a payout ratio of 40.42% and an annualized yield of 1.6%.

Shares of Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $490.7778.

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company raised their price objective on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Sanford C. Bernstein lifted their target price on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Finally, Barclays boosted their price objective on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Monday, July 21st.

Domino's Pizza Stock Down 0.6%

Shares of NASDAQ:DPZ opened at $422.75 on Friday. The business has a fifty day simple moving average of $453.42 and a 200-day simple moving average of $461.05. The company has a market cap of $14.35 billion, a P/E ratio of 24.55, a P/E/G ratio of 2.33 and a beta of 1.09. Domino's Pizza has a 52 week low of $397.12 and a 52 week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.03 earnings per share. Sell-side analysts expect that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Domino's Pizza by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator's stock worth $1,823,590,000 after buying an additional 36,288 shares in the last quarter. Berkshire Hathaway Inc raised its stake in shares of Domino's Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator's stock worth $1,186,821,000 after buying an additional 13,255 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Domino's Pizza by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after buying an additional 53,124 shares in the last quarter. Invesco Ltd. raised its stake in shares of Domino's Pizza by 3.9% in the 2nd quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator's stock worth $379,061,000 after buying an additional 31,578 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Domino's Pizza by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator's stock worth $252,362,000 after buying an additional 46,098 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

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.

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