Domino’s Pizza, Inc. (NYSE:DPZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned an average recommendation of “Moderate Buy” from the thirty ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $495.76.

DPZ has been the subject of several analyst reports. Guggenheim dropped their target price on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Evercore ISI lowered their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Finally, Piper Sandler dropped their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 26 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Domino’s Pizza by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 27 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Domino’s Pizza by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after buying an additional 29 shares in the last quarter. Crewe Advisors LLC grew its position in shares of Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 34 shares during the last quarter. Finally, Mather Group LLC. raised its stake in Domino’s Pizza by 5.7% during the 3rd quarter. Mather Group LLC. now owns 684 shares of the restaurant operator’s stock worth $294,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.0 %

DPZ opened at $431.00 on Wednesday. Domino’s Pizza has a twelve month low of $395.08 and a twelve month high of $542.75. The firm has a market capitalization of $14.88 billion, a PE ratio of 26.47, a PEG ratio of 2.47 and a beta of 0.88. The firm’s 50-day moving average price is $442.15 and its 200 day moving average price is $446.16.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.18 EPS. As a group, analysts predict that Domino’s Pizza will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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 $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

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.