Domino’s Pizza (NYSE:DPZ) Trading 3.6% Higher After Strong Earnings

Domino’s Pizza, Inc. (NYSE:DPZ) shares traded up 3.6% on Friday following a stronger than expected earnings report. The stock traded as high as $425.17 and last traded at $423.55. 141,803 shares traded hands during trading, a decline of 77% from the average session volume of 610,462 shares. The stock had previously closed at $408.75.

The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.12%.

Analyst Ratings Changes

DPZ has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday. Citigroup lowered their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Friday. Guggenheim lowered their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research note on Thursday, September 26th. Wedbush reiterated an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research note on Friday. Finally, Robert W. Baird lowered their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $489.55.

Institutional Trading of Domino’s Pizza

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares in the last quarter. Czech National Bank raised its stake in Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 27 shares in the last quarter. Insight Folios Inc raised its stake in Domino’s Pizza by 3.4% during the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

The firm has a 50 day simple moving average of $421.63 and a two-hundred day simple moving average of $469.47. The stock has a market cap of $15.03 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86.

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.