Domino’s Pizza, Inc. (NYSE:DPZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received a consensus recommendation of “Moderate Buy” from the thirty analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $489.55.

DPZ has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group decreased their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. TD Cowen reaffirmed a “buy” rating and set a $475.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. BTIG Research decreased their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Piper Sandler decreased their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its holdings in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza during the first quarter valued at approximately $36,000. Versant Capital Management Inc raised its holdings in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $427.24 on Friday. Domino’s Pizza has a 52-week low of $332.13 and a 52-week high of $542.75. The firm has a market capitalization of $14.90 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 0.86. The stock has a 50 day moving average price of $421.56 and a 200 day moving average price of $468.34.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned $4.18 EPS. Domino’s Pizza’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.41%. Domino’s Pizza’s payout ratio is presently 39.43%.

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.