Domino’s Pizza, Inc. (DPZ) to Issue Quarterly Dividend of $1.74 on March 28th

Domino’s Pizza, Inc. (NASDAQ:DPZ) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 1.74 per share by the restaurant operator on Friday, March 28th. This represents a $6.96 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, March 14th. This is a 15.2% increase from Domino’s Pizza’s previous quarterly dividend of $1.51.

Domino’s Pizza has raised its dividend by an average of 17.1% annually over the last three years and has increased its dividend annually for the last 12 consecutive years.

Domino’s Pizza Trading Down 0.3 %

Shares of Domino’s Pizza stock traded down $1.33 during trading on Wednesday, reaching $429.24. The company’s stock had a trading volume of 163,312 shares, compared to its average volume of 600,634. The company has a 50-day moving average price of $450.39 and a two-hundred day moving average price of $437.97. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market cap of $14.72 billion, a PE ratio of 26.37, a P/E/G ratio of 2.47 and a beta of 1.06.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. BMO Capital Markets lifted their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Citigroup boosted their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.