Domino’s Pizza (NYSE:DPZ) Earns “Outperform” Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research report sent to investors on Friday morning, Benzinga reports. Wedbush currently has a $470.00 price objective on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. BMO Capital Markets decreased their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an outperform rating for the company in a research note on Friday. The Goldman Sachs Group began coverage on Domino’s Pizza in a research note on Thursday, June 13th. They issued a buy rating and a $612.00 target price on the stock. Benchmark cut their price target on Domino’s Pizza from $575.00 to $520.00 and set a buy rating for the company in a research note on Monday, July 22nd. Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an outperform rating on the stock in a research report on Thursday, September 12th. Finally, Baird R W upgraded shares of Domino’s Pizza from a hold rating to a strong-buy rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $489.55.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $428.08 on Friday. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The stock’s 50-day moving average is $421.60 and its two-hundred day moving average is $468.83.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $4.18 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is 39.43%.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $93,000. Procyon Advisors LLC boosted its position in Domino’s Pizza by 104.7% during the third quarter. Procyon Advisors LLC now owns 4,076 shares of the restaurant operator’s stock worth $1,925,000 after acquiring an additional 2,085 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Domino’s Pizza by 7,821.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,505 shares of the restaurant operator’s stock worth $647,000 after acquiring an additional 1,486 shares during the period. Annex Advisory Services LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at $10,515,000. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Domino’s Pizza by 8.6% during the 3rd quarter. Gateway Investment Advisers LLC now owns 897 shares of the restaurant operator’s stock worth $386,000 after purchasing an additional 71 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino’s Pizza

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.