Domino’s Pizza, Inc. (NYSE:DPZ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Domino’s Pizza, Inc. (NYSE:DPZ) has been given a consensus recommendation of “Moderate Buy” by the thirty brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $489.55.

DPZ has been the topic of a number of recent analyst reports. Piper Sandler lowered their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada dropped their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Loop Capital restated a “hold” rating and issued a $419.00 price objective on shares of Domino’s Pizza in a report on Friday, September 20th. Finally, Stephens decreased their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in shares of Domino’s Pizza during the third quarter worth approximately $30,000. Blue Trust Inc. boosted its stake in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Domino’s Pizza during the first quarter valued at approximately $36,000. Versant Capital Management Inc boosted its stake in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the third quarter valued at approximately $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $429.98 on Tuesday. The stock’s 50-day moving average is $418.15 and its 200 day moving average is $461.57. Domino’s Pizza has a one year low of $361.82 and a one year high of $542.75. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $4.18 earnings per share. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Domino’s Pizza will post 16.81 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business 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 dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

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.