Domino’s Pizza’s (DPZ) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a report issued on Friday, Benzinga reports. They currently have a $520.00 target price on the restaurant operator’s stock.

A number of other research firms also recently weighed in on DPZ. Wells Fargo & Company decreased their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an equal weight rating for the company in a research report on Friday. Wedbush reissued an outperform rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Friday. BMO Capital Markets reduced their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an outperform rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft cut their price objective on Domino’s Pizza from $500.00 to $480.00 and set a buy rating on the stock in a research note on Friday. Finally, Citigroup lowered their price target on Domino’s Pizza from $450.00 to $440.00 and set a neutral rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $489.55.

Domino’s Pizza Stock Down 0.4 %

DPZ opened at $428.08 on Friday. The firm has a market capitalization of $14.93 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.23 and a beta of 0.86. The firm’s 50 day moving average is $421.60 and its 200-day moving average is $468.83. Domino’s Pizza has a 52-week low of $332.13 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $4.18 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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 of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC acquired a new position in Domino’s Pizza in the first quarter worth approximately $36,000. Versant Capital Management Inc increased its holdings in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 72 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $43,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.