Domino’s Pizza Inc (NASDAQ:DPZ) Given Consensus Recommendation of “Hold” by Brokerages

Domino’s Pizza Inc (NASDAQ:DPZ) has earned an average recommendation of “Hold” from the thirty-one research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $398.0645.

A number of research firms have commented on DPZ. Morgan Stanley decreased their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research note on Wednesday, August 26th. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. UBS Group increased their target price on Domino’s Pizza from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Citigroup lowered their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th.

Domino’s Pizza Price Performance

Shares of DPZ opened at $310.82 on Friday. Domino’s Pizza has a 1-year low of $282.00 and a 1-year high of $450.03. The stock has a market cap of $10.28 billion, a PE ratio of 17.63, a P/E/G ratio of 1.49 and a beta of 0.94. The firm has a 50-day simple moving average of $336.46 and a two-hundred day simple moving average of $340.57.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same quarter last year, the business earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza will post 18.94 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is 45.15%.

Insider Activity

In related news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,767 shares of company stock worth $7,737,107 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. SHP Wealth Management acquired a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter valued at approximately $31,000. Rakuten Securities Inc. acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Domino’s Pizza by 450.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.