Domino’s Pizza’s (DPZ) Buy Rating Reiterated at TD Cowen

TD Cowen reissued their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a report published on Monday,Benzinga reports. They currently have a $490.00 target price on the restaurant operator’s stock.

A number of other equities analysts have also commented on DPZ. Stephens reiterated an “equal weight” rating and issued a $420.00 price objective on shares of Domino’s Pizza in a report on Monday. Morgan Stanley reduced their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Oppenheimer lifted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $479.11 on Monday. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The company’s 50 day moving average price is $442.56 and its 200 day moving average price is $435.66.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $4.48 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side 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 issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is currently 37.10%.

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in DPZ. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. True Wealth Design LLC grew its position in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. increased its stake in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd raised its holdings in Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Institutional investors 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.