Domino’s Pizza (NYSE:DPZ) Earns “Equal Weight” Rating from Stephens

Stephens restated their equal weight rating on shares of Domino’s Pizza (NYSE:DPZ) in a research report released on Friday morning, Benzinga reports. Stephens currently has a $479.00 target price on the restaurant operator’s stock.

A number of other brokerages have also weighed in on DPZ. UBS Group boosted their price objective on Domino’s Pizza from $480.00 to $526.00 and gave the stock a buy rating in a research report on Tuesday, February 27th. Wedbush restated an outperform rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. Barclays boosted their price objective on Domino’s Pizza from $346.00 to $405.00 and gave the stock an underweight rating in a research report on Tuesday, February 27th. Oppenheimer reaffirmed an outperform rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Thursday, February 22nd. Finally, Gordon Haskett raised Domino’s Pizza from a hold rating to a buy rating and set a $467.00 target price on the stock in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $455.76.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $488.02 on Friday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $508.44. The business’s fifty day moving average is $456.25 and its 200-day moving average is $411.75. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.50 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $4.43 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza will post 15.78 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio (DPR) is 41.17%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. KB Financial Partners LLC purchased a new position in Domino’s Pizza in the 1st quarter worth approximately $32,000. Creative Financial Designs Inc. ADV raised its holdings in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Domino’s Pizza in the 3rd quarter worth approximately $39,000. Finally, Quadrant Capital Group LLC raised its holdings in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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.