Domino’s Pizza (NASDAQ:DPZ) Earns “Buy” Rating from TD Securities

TD Securities reiterated their buy rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a $490.00 price target on the restaurant operator’s stock.

Several other analysts have also issued reports on DPZ. Robert W. Baird reduced their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Benchmark reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. Finally, Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

DPZ opened at $459.45 on Monday. The firm’s fifty day moving average is $460.10 and its two-hundred day moving average is $442.03. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market cap of $15.76 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.48 EPS. Equities analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

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

Insider Activity

In other news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.83% of the stock is currently owned by insiders.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC increased its position in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Finally, Covestor Ltd grew its stake in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.