Domino’s Pizza (NYSE:DPZ) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note released on Thursday, Benzinga reports. They currently have a $575.00 price target on the restaurant operator’s stock.

A number of other analysts have also recently commented on the company. BTIG Research lifted their price target on Domino’s Pizza from $515.00 to $580.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. BMO Capital Markets lifted their price objective on Domino’s Pizza from $535.00 to $575.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. The Goldman Sachs Group began coverage on Domino’s Pizza in a research note on Thursday, June 13th. They set a buy rating and a $612.00 price objective for the company. Morgan Stanley lifted their price objective on Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research note on Friday, April 12th. Finally, Piper Sandler lifted their price objective on Domino’s Pizza from $400.00 to $435.00 and gave the company a neutral rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $525.66.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $525.00 on Thursday. The stock has a 50-day moving average of $510.26 and a two-hundred day moving average of $460.01. Domino’s Pizza has a one year low of $313.87 and a one year high of $542.75. The stock has a market cap of $18.31 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.63 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Analysts predict that Domino’s Pizza will post 16 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders have sold a total of 12,633 shares of company stock valued at $6,649,181 over the last quarter. 0.76% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

Large investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. Crewe Advisors LLC purchased a new position in Domino’s Pizza in the first quarter valued at $36,000. Creative Financial Designs Inc. ADV increased its holdings in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Domino’s Pizza in the third quarter valued at $49,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.