Stephens Reiterates “Equal Weight” Rating for Domino’s Pizza (NYSE:DPZ)

Stephens reissued their equal weight rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note published on Thursday, Benzinga reports. The brokerage currently has a $430.00 target price on the restaurant operator’s stock.

A number of other research firms have also commented on DPZ. Piper Sandler decreased their price objective on Domino’s Pizza from $436.00 to $429.00 and set a neutral rating on the stock in a research note on Monday, October 7th. Benchmark reduced their price target on shares of Domino’s Pizza from $575.00 to $520.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Wedbush reduced their price objective on Domino’s Pizza from $510.00 to $470.00 and set an outperform rating for the company in a research report on Friday, October 4th. Loop Capital reissued a hold rating and set a $419.00 target price on shares of Domino’s Pizza in a research note on Friday, September 20th. Finally, Bank of America upped their price target on shares of Domino’s Pizza from $577.00 to $582.00 and gave the stock a buy rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $489.55.

Domino’s Pizza Trading Up 5.1 %

DPZ stock opened at $429.67 on Thursday. The business’s fifty day moving average price is $421.63 and its 200 day moving average price is $469.31. Domino’s Pizza has a 12-month low of $332.13 and a 12-month high of $542.75. The company has a market capitalization of $14.99 billion, a PE ratio of 28.05, a P/E/G ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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 was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.18 earnings per share. Research analysts predict that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC purchased a new position in Domino’s Pizza in the 1st quarter worth about $36,000. Versant Capital Management Inc lifted its holdings in Domino’s Pizza by 654.5% during the 2nd 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 purchased a new stake in Domino’s Pizza in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors 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.