Redburn Atlantic Begins Coverage on Domino's Pizza (NASDAQ:DPZ)

Redburn Atlantic initiated coverage on shares of Domino's Pizza (NASDAQ:DPZ - Free Report) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a sell rating and a $340.00 price target on the restaurant operator's stock.

Several other equities research analysts also recently commented on DPZ. Morgan Stanley boosted their target price on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Wedbush reissued an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the stock a "buy" rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $492.16.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $12.46 during trading on Tuesday, hitting $455.49. 626,300 shares of the company traded hands, compared to its average volume of 629,857. The business's fifty day moving average is $473.46 and its 200 day moving average is $458.90. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.47 and a beta of 1.11. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.53%. Domino's Pizza's payout ratio is 39.91%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Berkshire Hathaway Inc raised its position in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. increased its stake in Domino's Pizza by 3.1% in the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock valued at $799,897,000 after acquiring an additional 53,124 shares during the last quarter. Geode Capital Management LLC raised its position in Domino's Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. lifted its stake in Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Finally, Norges Bank bought a new stake in Domino's Pizza during the fourth quarter worth about $250,571,000. 94.63% of the stock is currently owned by institutional investors.

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.