Domino’s Pizza’s (DPZ) “Equal Weight” Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $420.00 target price on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer lifted 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 note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. TD Cowen increased their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Citigroup upped their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Up 1.9 %

DPZ opened at $479.11 on Monday. The company has a 50 day moving average of $442.56 and a two-hundred day moving average of $435.66. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $542.75. The company has a market cap of $16.54 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $4.48 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 37.10%.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza in the 3rd quarter valued at approximately $549,399,000. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter worth $250,571,000. FMR LLC increased its holdings in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza during the third quarter valued at about $99,352,000. Finally, Invesco Ltd. lifted its holdings in Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after purchasing an additional 191,752 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.