Stephens Reaffirms Equal Weight Rating for Domino’s Pizza (NASDAQ:DPZ)

Stephens reissued their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report issued on Monday,Benzinga reports. Stephens currently has a $420.00 target price on the restaurant operator’s stock.

DPZ has been the subject of several other reports. Oppenheimer upped their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. Barclays cut their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price objective for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, TD Cowen lifted their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

DPZ opened at $479.11 on Monday. The company has a market capitalization of $16.54 billion, a PE ratio of 29.43, a P/E/G ratio of 2.47 and a beta of 0.90. The stock’s fifty day moving average is $442.56 and its 200-day moving average is $435.66. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm earned $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.45%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Institutional Trading of Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC grew its holdings in Domino’s Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after purchasing an additional 8,136 shares during the last quarter. Empowered Funds LLC grew its holdings in Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the period. Finally, Commerce Bank lifted its stake in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after buying an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.