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

Key Points

• Domino’s Pizza has a “Moderate Buy” consensus among 31 brokerages, with 17 buy, 13 hold and one sell rating. The average 12-month price target is approximately $397.42.
• Recent analysts have generally maintained positive ratings but cut their price targets, with targets ranging from $359 to $423 in the cited reports.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but EPS of $4.07 missed estimates by $0.10. The company also declared a quarterly dividend of $1.99 per share, implying a 2.3% annualized yield.

Shares of Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $397.4194.

A number of research firms have recently commented on DPZ. BMO Capital Markets dropped their price objective on Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Mizuho reduced their target price on Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating on the stock in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered 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. Piper Sandler dropped their price target on Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating for the company in a research note on Monday, April 27th. Finally, DA Davidson cut their price objective on Domino's Pizza from $436.00 to $423.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were 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 owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 24,742 shares of company stock valued at $8,041,746. Corporate insiders own 0.89% of the company's stock.

Hedge Funds Weigh In On Domino's Pizza

A number of hedge funds have recently made changes to their positions in the business. SHP Wealth Management purchased a new stake in Domino's Pizza during the 4th quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in Domino's Pizza in the 2nd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Domino's Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 34 shares during the period. Investors Research Corp raised its position in Domino's Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Domino's Pizza during the first quarter worth about $31,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $346.27 on Monday. Domino's Pizza has a 1 year low of $282.00 and a 1 year high of $469.00. The firm has a 50 day moving average price of $323.57 and a 200 day moving average price of $349.67. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.67 and a beta of 0.94.

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

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. Domino's Pizza's payout ratio is presently 45.15%.

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.

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