Domino’s Pizza (NYSE:DPZ) Given Equal Weight Rating at Stephens

Stephens reaffirmed their equal weight rating on shares of Domino’s Pizza (NYSE:DPZ) in a research report report published on Thursday morning, Benzinga reports. They currently have a $430.00 target price on the restaurant operator’s stock.

A number of other research analysts have also commented on DPZ. Bank of America upped their price target on Domino’s Pizza from $577.00 to $582.00 and gave the stock a buy rating in a report on Friday, October 4th. BMO Capital Markets cut their price target on Domino’s Pizza from $525.00 to $510.00 and set an outperform rating for the company in a report on Wednesday, September 11th. Piper Sandler cut their target price on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating for the company in a research note on Monday. Benchmark cut 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. Finally, Robert W. Baird cut their target price on Domino’s Pizza from $580.00 to $535.00 and set an outperform rating for the company in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of Moderate Buy and a consensus price target of $503.69.

Domino’s Pizza Stock Down 1.1 %

Shares of DPZ stock opened at $408.75 on Thursday. Domino’s Pizza has a 12 month low of $332.13 and a 12 month high of $542.75. The firm has a market cap of $14.29 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock has a 50 day moving average of $421.61 and a 200-day moving average of $469.81.

Domino’s Pizza (NYSE:DPZ) last issued 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 negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $4.18 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.48%. Domino’s Pizza’s payout ratio is presently 37.12%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DPZ. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza during the 1st quarter worth approximately $36,000. Versant Capital Management Inc increased its holdings in shares of Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $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 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.