Domino’s Pizza (NASDAQ:DPZ) Sets New 52-Week Low – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $297.48 and last traded at $303.7930, with a volume of 80385 shares trading hands. The stock had previously closed at $302.29.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DPZ. Evercore lowered their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Piper Sandler lowered their price objective on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a research note on Monday, April 27th. Finally, HSBC lowered their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $419.74.

Domino’s Pizza Trading Up 1.5%

The stock has a market capitalization of $10.40 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. The stock has a 50 day moving average of $358.14 and a 200-day moving average of $390.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion for the quarter. During the same period in the prior year, the company earned $4.33 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that Domino’s Pizza Inc will post 19.15 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc raised its position in Domino’s Pizza by 12.3% during the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares in the last quarter. Soroban Capital Partners LP bought a new stake in Domino’s Pizza during the 1st quarter valued at $895,251,000. T. Rowe Price Investment Management Inc. raised its position in Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares in the last quarter. Principal Financial Group Inc. raised its position in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after purchasing an additional 30,647 shares in the last quarter. Finally, State Street Corp raised its position in Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after purchasing an additional 49,613 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.