Domino’s Pizza (NASDAQ:DPZ) Given Equal Weight Rating at Stephens

Stephens reiterated their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note published on Wednesday,Benzinga reports. Stephens currently has a $440.00 price objective on the restaurant operator’s stock.

A number of other research firms have also recently issued reports on DPZ. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. BMO Capital Markets increased their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Morgan Stanley reduced their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $468.35 on Wednesday. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market cap of $16.06 billion, a PE ratio of 28.77, a P/E/G ratio of 2.47 and a beta of 1.06. The stock’s fifty day moving average price is $461.12 and its two-hundred day moving average price is $442.65.

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). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 EPS. On average, equities analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock worth $3,762,052 in the last quarter. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of DPZ. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd boosted its stake in Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing 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.