Domino’s Pizza (NASDAQ:DPZ) Sets New 52-Week Low – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ) shares reached a new 52-week low on Friday . The company traded as low as $365.10 and last traded at $369.9170, with a volume of 195548 shares. The stock had previously closed at $375.30.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Hovde Group set a $460.00 price target on Domino’s Pizza in a research report on Monday, January 5th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $460.00 to $450.00 in a research note on Tuesday, February 24th. BTIG Research reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, February 24th. William Blair set a $540.00 price target on shares of Domino’s Pizza in a research report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $475.71.

Domino’s Pizza Stock Down 2.0%

The firm has a market capitalization of $12.37 billion, a PE ratio of 20.94, a P/E/G ratio of 1.63 and a beta of 1.16. The firm’s 50-day moving average price is $398.48 and its two-hundred day moving average price is $414.67.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm had revenue of $1.54 billion during the quarter. During the same period last year, the company earned $4.89 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $1.99 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in Domino’s Pizza by 8.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 17,684 shares of the restaurant operator’s stock worth $7,371,000 after acquiring an additional 1,330 shares during the period. Meadowbrook Advisors Group LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $1,387,000. PeakShares LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth approximately $226,000. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth approximately $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Domino’s Pizza by 506.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 592 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.