Domino’s Pizza (NASDAQ:DPZ) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note published on Tuesday morning,Benzinga reports. The firm currently has a $500.00 target price on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. 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 note on Tuesday, January 21st. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. Loop Capital lowered their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Finally, Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Trading Up 1.3 %

Shares of NASDAQ DPZ opened at $465.47 on Tuesday. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.47 and a beta of 1.06. The stock’s 50-day moving average is $460.60 and its 200 day moving average is $442.47. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $4.48 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.50%. Domino’s Pizza’s payout ratio is presently 41.70%.

Insider Transactions at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,597 shares of company stock valued at $3,762,052. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

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