Royal Bank Of Canada Reaffirms Outperform Rating for Domino's Pizza (NASDAQ:DPZ)

Royal Bank Of Canada reaffirmed their outperform rating on shares of Domino's Pizza (NASDAQ:DPZ - Free Report) in a research note published on Tuesday morning,Benzinga reports. The firm currently has a $550.00 price objective on the restaurant operator's stock.

Other research analysts have also issued reports about the stock. Morgan Stanley increased their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Melius initiated coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. 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 Monday. Wells Fargo & Company raised their price objective on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Finally, 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 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $491.52.

Domino's Pizza Trading Down 0.4%

NASDAQ DPZ traded down $1.71 during trading on Tuesday, hitting $476.34. The company had a trading volume of 745,448 shares, compared to its average volume of 648,811. Domino's Pizza has a one year low of $396.06 and a one year high of $500.55. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company's fifty day moving average is $465.67 and its 200-day moving average is $461.02.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.03 earnings per share. As a group, equities analysts anticipate 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 Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wood Tarver Financial Group LLC purchased a new position in shares of Domino's Pizza in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Domino's Pizza in the 1st quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new position in shares of Domino's Pizza in the 2nd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Domino's Pizza in the 1st quarter worth approximately $27,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Domino's Pizza in the 1st quarter worth approximately $27,000. 94.63% of the stock is currently owned by 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.