Domino's Pizza (NASDAQ:DPZ) Coverage Initiated by Analysts at Melius

Melius initiated coverage on shares of Domino's Pizza (NASDAQ:DPZ - Free Report) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $500.00 target price on the restaurant operator's stock.

A number of other research firms also recently weighed in on DPZ. BTIG Research set a $530.00 target price on shares of Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. BMO Capital Markets increased their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Redburn Atlantic initiated coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 target price for the company. Wells Fargo & Company upped their price target on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Citigroup increased their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $487.84.

Domino's Pizza Price Performance

DPZ stock traded up $8.46 during trading on Monday, reaching $472.94. 627,412 shares of the company were exchanged, compared to its average volume of 625,331. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a 50-day moving average of $467.18 and a two-hundred day moving average of $459.22. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $3.58 EPS. Domino's Pizza's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Institutional Investors Weigh In On Domino's Pizza

A number of hedge funds have recently made changes to their positions in DPZ. GAMMA Investing LLC grew its position in Domino's Pizza by 7.2% during the second quarter. GAMMA Investing LLC now owns 607 shares of the restaurant operator's stock valued at $274,000 after buying an additional 41 shares during the period. Park Avenue Securities LLC boosted its stake in Domino's Pizza by 7.5% in the second quarter. Park Avenue Securities LLC now owns 964 shares of the restaurant operator's stock valued at $434,000 after acquiring an additional 67 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Domino's Pizza by 16.5% during the 2nd quarter. Annex Advisory Services LLC now owns 52,128 shares of the restaurant operator's stock valued at $23,489,000 after acquiring an additional 7,382 shares during the period. Farther Finance Advisors LLC grew its position in shares of Domino's Pizza by 4.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,229 shares of the restaurant operator's stock valued at $554,000 after acquiring an additional 55 shares during the period. Finally, CX Institutional increased its stake in shares of Domino's Pizza by 6.7% during the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator's stock worth $172,000 after purchasing an additional 24 shares during the last quarter. 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.