Domino’s Pizza (NYSE:DPZ) Earns “Outperform” Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $490.00 price target on the restaurant operator’s stock.

Several other research firms have also commented on DPZ. Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an overweight rating on the stock in a research report on Friday. Evercore ISI reduced their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an outperform rating on the stock in a report on Monday, October 7th. TD Cowen reduced their target price on shares of Domino’s Pizza from $520.00 to $475.00 and set a buy rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their target price on shares of Domino’s Pizza from $470.00 to $450.00 and set a neutral rating on the stock in a report on Friday. Finally, Baird R W upgraded shares of Domino’s Pizza from a hold rating to a strong-buy rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $428.08 on Friday. The firm has a market capitalization of $14.93 billion, a P/E ratio of 27.94, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a one year low of $332.13 and a one year high of $542.75. The company’s fifty day moving average is $421.60 and its two-hundred day moving average is $468.83.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $4.18 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently modified their holdings of DPZ. ORG Wealth Partners LLC bought a new stake in Domino’s Pizza in the third quarter worth about $93,000. Procyon Advisors LLC grew its stake in Domino’s Pizza by 104.7% during the 3rd quarter. Procyon Advisors LLC now owns 4,076 shares of the restaurant operator’s stock valued at $1,925,000 after acquiring an additional 2,085 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Domino’s Pizza by 7,821.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,505 shares of the restaurant operator’s stock valued at $647,000 after acquiring an additional 1,486 shares in the last quarter. Annex Advisory Services LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter valued at approximately $10,515,000. Finally, Gateway Investment Advisers LLC grew its stake in shares of Domino’s Pizza by 8.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 897 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds 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.