Domino’s Pizza Inc (DPZ) to Distribute Quarterly Dividend of $1.99 on September 30th

Domino’s Pizza Inc (NASDAQ:DPZ) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 1.99 per share by the restaurant operator on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Domino’s Pizza has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 12 consecutive years.

Domino’s Pizza Stock Down 1.8%

Shares of Domino’s Pizza stock traded down $5.70 on Friday, reaching $311.60. 597,142 shares of the stock were exchanged, compared to its average volume of 780,775. The business has a 50 day moving average price of $336.15 and a two-hundred day moving average price of $342.28. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.44 and a beta of 0.94. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $458.27.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. Research analysts forecast that Domino’s Pizza will post 18.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DPZ shares. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Citigroup cut their target price on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Finally, Morgan Stanley decreased their target price on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $398.06.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.