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.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on DPZ. BMO Capital Markets lowered their price target on Domino's Pizza from $450.00 to $400.00 in a report on Friday, April 29th. TheStreet cut Domino's Pizza from a "b-" rating to a "c+" rating in a report on Friday, May 6th. Liberum Capital lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Thursday, May 5th. Credit Suisse Group increased their price target on shares of Domino's Pizza to $425.00 in a report on Friday, July 22nd. Finally, Citigroup boosted their price objective on Domino's Pizza from $450.00 to $475.00 in a report on Friday, July 22nd. Eighteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $441.04.
Domino's Pizza Stock Performance
Shares of NYSE:DPZ opened at $387.93 on Monday. The firm has a market cap of $13.92 billion, a PE ratio of 30.28, a PEG ratio of 2.79 and a beta of 0.60. The firm has a fifty day moving average of $390.01 and a 200 day moving average of $393.17. Domino's Pizza has a one year low of $321.15 and a one year high of $567.57.
Domino's Pizza (NYSE:DPZ - Get Rating) last released its 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 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%. Domino's Pizza's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.12 EPS. On average, equities analysts predict that Domino's Pizza will post 12.57 EPS for the current fiscal year.
Domino's Pizza Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $1.10 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.13%. Domino's Pizza's payout ratio is currently 34.35%.
Insider Buying and Selling at Domino's Pizza
In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the company's stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $409.26, for a total value of $42,153.78. Following the transaction, the executive vice president now owns 3,090 shares of the company's stock, valued at $1,264,613.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Cynthia A. Headen sold 65 shares of the 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 sale, the executive vice president now owns 3,270 shares of the company's stock, valued at $1,297,372.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 103 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 3,090 shares in the company, valued at $1,264,613.40. The disclosure for this sale can be found here. Insiders have sold 4,168 shares of company stock valued at $1,616,903 over the last 90 days. 1.12% of the stock is owned by insiders.