Domino’s Pizza (NYSE:DPZ) Upgraded to Strong-Buy by Baird R W

Baird R W upgraded shares of Domino’s Pizza (NYSE:DPZ) from a hold rating to a strong-buy rating in a research note released on Monday morning, Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research report on Friday, April 12th. Citigroup lifted their price target on Domino’s Pizza from $505.00 to $530.00 and gave the stock a neutral rating in a research note on Tuesday, April 30th. Argus increased their price objective on Domino’s Pizza from $580.00 to $600.00 and gave the company a buy rating in a research report on Tuesday, April 30th. Jefferies Financial Group boosted their target price on Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $575.00 price target on shares of Domino’s Pizza in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $531.66.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $473.28 on Monday. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75. The stock has a fifty day moving average of $513.14 and a 200 day moving average of $471.12. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.47 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $2.93 EPS. Equities analysts forecast that Domino’s Pizza will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in Domino’s Pizza by 5.3% in the third quarter. Ameriprise Financial Inc. now owns 134,784 shares of the restaurant operator’s stock worth $51,056,000 after purchasing an additional 6,807 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Domino’s Pizza by 2.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 13,317 shares of the restaurant operator’s stock valued at $5,045,000 after buying an additional 279 shares during the period. Townsquare Capital LLC boosted its stake in shares of Domino’s Pizza by 12.1% in the 3rd quarter. Townsquare Capital LLC now owns 4,999 shares of the restaurant operator’s stock worth $1,894,000 after buying an additional 540 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after acquiring an additional 32,797 shares during the period. Finally, VisionPoint Advisory Group LLC increased its position in Domino’s Pizza by 27.9% during the third quarter. VisionPoint Advisory Group LLC now owns 307 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 67 shares during the last quarter. 94.63% of the stock is currently owned by 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.