Domino's Pizza Inc (NASDAQ:DPZ) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-six ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $487.17.

DPZ has been the subject of several research reports. Loop Capital boosted their price objective on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wedbush reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a report on Tuesday, February 25th. Barclays reduced their target price on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. TD Cowen reaffirmed a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, February 24th. Finally, TD Securities reaffirmed a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th.

Insider Activity at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Domino's Pizza

Several institutional investors have recently bought and sold shares of DPZ. Allspring Global Investments Holdings LLC lifted its position in Domino's Pizza by 43.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 32,521 shares of the restaurant operator's stock valued at $14,144,000 after purchasing an additional 9,877 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Domino's Pizza by 4.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 13,762 shares of the restaurant operator's stock valued at $5,912,000 after purchasing an additional 578 shares during the last quarter. Principal Securities Inc. lifted its position in Domino's Pizza by 3.3% during the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator's stock valued at $452,000 after purchasing an additional 34 shares during the last quarter. Allworth Financial LP lifted its position in Domino's Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after purchasing an additional 41 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Domino's Pizza by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,271 shares of the restaurant operator's stock valued at $2,213,000 after purchasing an additional 178 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Stock Up 1.0%

DPZ opened at $458.78 on Wednesday. The firm has a 50 day moving average price of $474.59 and a 200-day moving average price of $458.19. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $535.98. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.58 and a beta of 1.11.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. 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 previous year, the company earned $3.58 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Domino's Pizza will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.52%. Domino's Pizza's payout ratio is 39.91%.

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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