Domino’s Pizza (NYSE:DPZ) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a report published on Friday morning, Benzinga reports. They currently have a $470.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an overweight rating for the company in a research report on Friday. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a neutral rating on the stock in a report on Thursday, September 26th. Benchmark lowered their target price on Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a research note on Monday, July 22nd. Barclays cut their price target on Domino’s Pizza from $470.00 to $380.00 and set an underweight rating on the stock in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Domino’s Pizza from $470.00 to $450.00 and set a neutral rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Trading Up 5.1 %

NYSE:DPZ opened at $429.67 on Friday. The stock has a market capitalization of $15.03 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm has a 50 day moving average of $421.63 and a 200-day moving average of $469.57.

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

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.41%. Domino’s Pizza’s dividend payout ratio is 37.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DPZ. ORG Wealth Partners LLC acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $93,000. Procyon Advisors LLC raised its position in shares of Domino’s Pizza by 104.7% in the third quarter. Procyon Advisors LLC now owns 4,076 shares of the restaurant operator’s stock valued at $1,925,000 after purchasing an additional 2,085 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Domino’s Pizza by 7,821.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,505 shares of the restaurant operator’s stock worth $647,000 after buying an additional 1,486 shares during the last quarter. Annex Advisory Services LLC bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $10,515,000. Finally, Gateway Investment Advisers LLC grew its stake in Domino’s Pizza by 8.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 897 shares of the restaurant operator’s stock valued at $386,000 after buying an additional 71 shares during 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.