Domino’s Pizza, Inc. (NASDAQ:DPZ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Domino’s Pizza, Inc. (NASDAQ:DPZ) has been assigned a consensus rating of “Moderate Buy” from the twenty-eight research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $503.41.

DPZ has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Citigroup upped their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. TD Cowen reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Robert W. Baird reduced their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th.

Domino’s Pizza Price Performance

Shares of DPZ opened at $472.05 on Monday. The firm’s 50 day moving average is $449.79 and its 200-day moving average is $437.76. The stock has a market capitalization of $16.19 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $4.48 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is currently 41.70%.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc grew its stake in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. FMR LLC grew its stake in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after buying an additional 21,705 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after acquiring an additional 92,389 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after acquiring an additional 191,752 shares during the last quarter. 94.63% of the stock is owned by 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.