Domino’s Pizza (NYSE:DPZ) Earns “Equal Weight” Rating from Stephens

Stephens restated their equal weight rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $479.00 price target on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Stifel Nicolaus increased their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research report on Thursday, April 11th. Wedbush reissued an outperform rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reissued a neutral rating and issued a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Finally, Piper Sandler increased their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of Moderate Buy and an average target price of $455.76.

Domino’s Pizza Price Performance

DPZ stock opened at $488.02 on Friday. The firm has a market capitalization of $17.00 billion, a PE ratio of 33.27, a P/E/G ratio of 2.50 and a beta of 0.86. The company’s 50 day simple moving average is $456.25 and its 200-day simple moving average is $411.75. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $4.43 earnings per share. As a group, sell-side analysts anticipate that Domino’s Pizza will post 15.78 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 29th. Stockholders of record on Friday, March 15th were given a $1.51 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tritonpoint Wealth LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $1,980,000. International Assets Investment Management LLC increased its position in shares of Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after acquiring an additional 498,170 shares in the last quarter. Deutsche Bank AG increased its position in shares of Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after acquiring an additional 32,797 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $269,000. Finally, Nordea Investment Management AB increased its position in shares of Domino’s Pizza by 39.6% in the third quarter. Nordea Investment Management AB now owns 3,388 shares of the restaurant operator’s stock worth $1,295,000 after acquiring an additional 961 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

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.