Domino’s Pizza’s (DPZ) Buy Rating Reiterated at TD Securities

TD Securities reiterated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report released on Monday morning,Benzinga reports. They currently have a $490.00 target price on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. Citigroup raised their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Loop Capital decreased their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Up 0.6 %

Shares of DPZ stock opened at $468.35 on Monday. The firm has a 50 day moving average of $461.12 and a two-hundred day moving average of $442.65. The stock has a market capitalization of $16.06 billion, a PE ratio of 28.77, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 52 week low of $396.06 and a 52 week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.48 earnings per share. Analysts expect that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently made changes to their positions in the stock. KG&L Capital Management LLC grew its holdings in shares of Domino’s Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Domino’s Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares in the last quarter. Greenleaf Trust raised its stake in shares of Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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.