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.
Analysts Set New Price Targets
DPZ has been the topic of several analyst reports. Morgan Stanley boosted their price objective on Domino's Pizza from $398.00 to $414.00 and gave the stock an "equal weight" rating in a research note on Monday, July 18th. Royal Bank of Canada dropped their target price on Domino's Pizza from $480.00 to $440.00 in a research report on Friday, April 29th. Bank of America dropped their target price on Domino's Pizza from $512.00 to $490.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. TheStreet lowered Domino's Pizza from a "b-" rating to a "c+" rating in a research report on Friday, May 6th. Finally, MKM Partners dropped their target price on Domino's Pizza from $490.00 to $440.00 and set a "neutral" rating for the company in a research report on Wednesday, April 20th. Eighteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $441.04.
Domino's Pizza Stock Down 0.3 %
Domino's Pizza stock opened at $410.86 on Tuesday. The business has a fifty day moving average of $394.25 and a two-hundred day moving average of $391.75. The firm has a market cap of $14.74 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.96 and a beta of 0.60. Domino's Pizza has a twelve month low of $321.15 and a twelve month high of $567.57.
Domino's Pizza (NYSE:DPZ - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.88 by ($0.06). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.12 earnings per share. Equities analysts expect that Domino's Pizza will post 12.6 earnings per share for the current year.
Domino's Pizza Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, September 14th. Domino's Pizza's payout ratio is presently 34.35%.
Insider Transactions at Domino's Pizza
In other news, EVP Cynthia A. Headen sold 65 shares of the company's stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $396.75, for a total transaction of $25,788.75. Following the transaction, the executive vice president now directly owns 3,270 shares of the company's stock, valued at $1,297,372.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Cynthia A. Headen sold 65 shares of the company's stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $396.75, for a total value of $25,788.75. Following the transaction, the executive vice president now directly owns 3,270 shares of the company's stock, valued at approximately $1,297,372.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 103 shares of the company's stock in a transaction on Monday, July 18th. The shares were sold at an average price of $409.26, for a total value of $42,153.78. Following the completion of the transaction, the executive vice president now directly owns 3,090 shares in the company, valued at $1,264,613.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,168 shares of company stock valued at $1,616,903. Corporate insiders own 1.12% of the company's stock.