Domino’s Pizza (NYSE:DPZ) Rating Increased to Buy at Loop Capital

Loop Capital upgraded shares of Domino’s Pizza (NYSE:DPZ) from a hold rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. Loop Capital currently has $559.00 price objective on the restaurant operator’s stock, up from their previous price objective of $419.00.

Several other brokerages also recently commented on DPZ. Jefferies Financial Group dropped their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Piper Sandler lowered their price objective on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Wells Fargo & Company decreased their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, BMO Capital Markets dropped their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $494.38.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ traded up $11.29 during mid-day trading on Friday, reaching $459.73. 611,383 shares of the company traded hands, compared to its average volume of 654,087. Domino’s Pizza has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The company’s fifty day moving average is $420.58 and its two-hundred day moving average is $460.59. The stock has a market cap of $15.87 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.38 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $4.18 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts forecast that Domino’s Pizza will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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 issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP raised its position in Domino’s Pizza by 83.3% during the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after buying an additional 765 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Domino’s Pizza by 2.2% in the first quarter. Texas Permanent School Fund Corp now owns 7,201 shares of the restaurant operator’s stock worth $3,578,000 after acquiring an additional 156 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Domino’s Pizza by 7.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,037 shares of the restaurant operator’s stock valued at $515,000 after acquiring an additional 75 shares during the last quarter. Empowered Funds LLC increased its stake in Domino’s Pizza by 27.5% during the first quarter. Empowered Funds LLC now owns 2,349 shares of the restaurant operator’s stock worth $1,167,000 after purchasing an additional 506 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Domino’s Pizza by 36.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 663 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 176 shares during the period. 94.63% of the stock is 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.