Domino's Pizza Inc (NASDAQ:DPZ) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Domino's Pizza has received a rating of "Moderate Buy" from 26 analysts, with an average 12-month price target set at $489.92.
• The company recently reported quarterly earnings of $4.08 EPS, exceeding estimates and indicating a 6.2% increase in revenue compared to the previous year.
• Domino's will pay a quarterly dividend of $1.74 per share on December 26th, providing investors with a 1.6% dividend yield.

Shares of Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $489.9167.

A number of equities research analysts have recently issued reports on DPZ shares. Loop Capital lifted their price target on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and set a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Weiss Ratings restated a "buy (b-)" rating on shares of Domino's Pizza in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Domino's Pizza from $490.00 to $450.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their target price on shares of Domino's Pizza from $490.00 to $455.00 and set a "hold" rating for the company in a report on Monday, October 13th.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $422.94 on Tuesday. The company has a market cap of $14.29 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.12. Domino's Pizza has a one year low of $397.12 and a one year high of $500.55. The business has a fifty day moving average of $438.89 and a two-hundred day moving average of $457.19.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.96 by $0.12. Domino's Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $4.19 EPS. The business's revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.68%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the 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 sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On Domino's Pizza

Institutional investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza during the first quarter valued at $25,000. RMG Wealth Management LLC acquired a new position in shares of Domino's Pizza in the second quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in shares of Domino's Pizza during the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Domino's Pizza during the first quarter worth approximately $27,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Domino's Pizza during the second quarter worth approximately $29,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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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