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 Ratings Changes
Several research analysts have weighed in on DPZ shares. Morgan Stanley lifted their target price on Domino's Pizza from $398.00 to $414.00 and gave the stock an "equal weight" rating in a report on Monday, July 18th. Robert W. Baird set a $435.00 price target on Domino's Pizza in a report on Tuesday, July 19th. Cowen boosted their price target on Domino's Pizza from $365.00 to $410.00 and gave the company a "market perform" rating in a report on Friday, July 22nd. Liberum Capital lowered Domino's Pizza from a "buy" rating to a "hold" rating in a report on Thursday, May 5th. Finally, Stifel Nicolaus lifted their target price on Domino's Pizza from $345.00 to $400.00 in a research report on Monday, July 18th. Eighteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $441.04.
Domino's Pizza Stock Performance
Shares of DPZ Stock traded down $2.33 during trading on Tuesday, hitting $392.56. The company had a trading volume of 556,521 shares, compared to its average volume of 543,510. The firm has a market capitalization of $14.09 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.60. The stock's 50-day moving average price is $391.18 and its 200 day moving average price is $392.89. 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 issued its quarterly earnings results 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Domino's Pizza had a net margin of 10.63% and a negative return on equity of 11.24%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.12 earnings per share. On average, research analysts anticipate that Domino's Pizza will post 12.57 earnings per share for the current fiscal year.
Domino's Pizza Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, September 14th. Domino's Pizza's dividend payout ratio (DPR) is currently 34.35%.
Insider Activity at Domino's Pizza
In other Domino's Pizza news, Director Andrew Balson sold 4,000 shares of the company's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the completion of the sale, the director now directly owns 6,870 shares in the company, valued at $2,660,338.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the company's 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 4,000 shares of the company's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $387.24, for a total value of $1,548,960.00. Following the sale, the director now owns 6,870 shares of the company's stock, valued at $2,660,338.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,168 shares of company stock worth $1,616,903. Company insiders own 1.12% of the company's stock.