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

Royal Bank of Canada reaffirmed their outperform rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report report published on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $500.00 price objective on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. Benchmark reaffirmed a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Robert W. Baird cut their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Citigroup lifted their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Loop Capital dropped their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, Barclays raised their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Trading Up 1.3 %

Shares of DPZ stock opened at $465.47 on Tuesday. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.47 and a beta of 1.06. The stock has a 50-day moving average of $460.60 and a 200-day moving average of $442.47.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business posted $4.48 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock valued at $3,762,052. Insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Institutional investors have recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. True Wealth Design LLC grew its holdings 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 worth $28,000 after purchasing an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Finally, Covestor Ltd raised 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 purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.