Domino's Pizza (NASDAQ:DPZ) Releases Quarterly Earnings Results

Key Points

• Domino's Pizza reported earnings per share (EPS) of $4.08 for the quarter, with a net margin of 12.49% and a negative return on equity of 15.09%.
• The company declared a quarterly dividend of $1.74 to be paid on December 26th, representing a 1.7% annualized yield.
• Several analysts have recently adjusted their price targets for Domino's, with an average target of $491.71 and a consensus rating of "Moderate Buy".

Domino's Pizza (NASDAQ:DPZ - Get Free Report) posted its quarterly earnings data on Tuesday. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, RTT News reports. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%.

Domino's Pizza Trading Up 0.5%

Shares of NASDAQ:DPZ opened at $408.26 on Tuesday. Domino's Pizza has a twelve month low of $397.12 and a twelve month high of $500.55. The company's 50 day moving average is $441.21 and its 200 day moving average is $458.61. The company has a market cap of $13.86 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Guggenheim upped their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. Wells Fargo & Company cut 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 report on Wednesday, October 8th. Finally, UBS Group restated a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $491.71.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, 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. Company insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Domino's Pizza during the 2nd quarter worth approximately $46,000. State of Wyoming acquired a new stake in shares of Domino's Pizza during the 2nd quarter worth approximately $93,000. Diversify Advisory Services LLC acquired a new stake in shares of Domino's Pizza during the 2nd quarter worth approximately $286,000. Caxton Associates LLP acquired a new stake in shares of Domino's Pizza during the 2nd quarter worth approximately $300,000. Finally, Vident Advisory LLC grew its stake in shares of Domino's Pizza by 15.5% during the 2nd quarter. Vident Advisory LLC now owns 894 shares of the restaurant operator's stock worth $403,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds 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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