Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores. It also provides oven-baked sandwiches, pasta, boneless chicken and chicken wings, bread and dips side items, desserts, and soft drink products. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on DPZ. Liberum Capital lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Thursday, May 5th. MKM Partners decreased their price objective on Domino's Pizza from $490.00 to $440.00 and set a "neutral" rating on the stock in a report on Wednesday, April 20th. Citigroup lifted their price objective on Domino's Pizza from $450.00 to $475.00 in a report on Friday, July 22nd. Morgan Stanley boosted their price target on Domino's Pizza from $398.00 to $414.00 and gave the company an "equal weight" rating in a report on Monday, July 18th. Finally, BMO Capital Markets reduced their price target on Domino's Pizza from $450.00 to $400.00 in a report on Friday, April 29th. Eighteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Hold" and an average target price of $441.04.
Domino's Pizza Stock Performance
Shares of DPZ traded down $1.62 during mid-day trading on Thursday, hitting $404.13. 517,139 shares of the stock were exchanged, compared to its average volume of 544,826. The company has a market cap of $14.50 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. Domino's Pizza has a 52-week low of $321.15 and a 52-week high of $567.57. The firm has a 50-day moving average of $392.08 and a two-hundred day moving average of $392.98.
Domino's Pizza (NYSE:DPZ - Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The firm's revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $3.12 earnings per share. On average, sell-side analysts predict that Domino's Pizza will post 12.6 EPS for the current year.
Domino's Pizza Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, September 14th. Domino's Pizza's dividend payout ratio is currently 34.35%.
Insider Activity
In other news, EVP Cynthia A. Headen sold 103 shares of Domino's Pizza stock in a transaction on Monday, July 18th. The stock was sold at an average price of $409.26, for a total transaction of $42,153.78. Following the completion of the sale, the executive vice president now directly owns 3,090 shares in the company, valued at $1,264,613.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Cynthia A. Headen sold 65 shares of Domino's Pizza stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $396.75, for a total transaction of $25,788.75. Following the completion of the sale, the executive vice president now owns 3,270 shares in the company, valued at approximately $1,297,372.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 103 shares of Domino's Pizza stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the sale, the executive vice president now owns 3,090 shares of the company's stock, valued at approximately $1,264,613.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,168 shares of company stock valued at $1,616,903. 1.12% of the stock is currently owned by insiders.