Domino’s Pizza (NASDAQ:DPZ) Receives Buy Rating from TD Securities

TD Securities restated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $490.00 target price on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Oppenheimer boosted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Robert W. Baird decreased their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Price Performance

DPZ opened at $459.45 on Monday. The business has a fifty day moving average price of $460.10 and a 200 day moving average price of $442.03. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,597 shares of company stock valued at $3,762,052. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. bought a new stake in Domino’s Pizza in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC bought a new position in Domino’s Pizza during the fourth quarter valued at about $25,000. True Wealth Design LLC increased its position in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Finally, Covestor Ltd increased its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

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.