TD Securities Reiterates Buy Rating for Domino's Pizza (NASDAQ:DPZ)

TD Securities reaffirmed their buy rating on shares of Domino's Pizza (NASDAQ:DPZ - Free Report) in a research note issued to investors on Monday,Benzinga reports. TD Securities currently has a $490.00 price target on the restaurant operator's stock.

DPZ has been the subject of a number of other reports. Benchmark reaffirmed a "buy" rating and issued a $520.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Barclays raised their price objective on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Tuesday, April 22nd. Wedbush reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. Citigroup decreased their price target on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded up $3.22 during mid-day trading on Monday, reaching $484.61. 594,853 shares of the company's stock were exchanged, compared to its average volume of 621,802. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $538.44. The company's 50-day moving average is $464.71 and its 200-day moving average is $450.21.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business earned $3.58 earnings per share. As a group, equities analysts predict that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared 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 is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. Domino's Pizza's dividend payout ratio is presently 39.91%.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares of the company's stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Domino's Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Domino's Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock valued at $716,681,000 after acquiring an additional 23,681 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Domino's Pizza by 11.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator's stock worth $1,227,000 after purchasing an additional 295 shares during the period. Tidal Investments LLC raised its stake in shares of Domino's Pizza by 737.1% during the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator's stock worth $24,708,000 after buying an additional 50,579 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Domino's Pizza by 42.8% in the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock valued at $11,571,000 after buying an additional 8,103 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Domino's Pizza in the third quarter valued at approximately $1,649,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino's Pizza

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.