Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have earned an average rating of “Moderate Buy” from the twenty-seven brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $490.40.

Several brokerages have commented on DPZ. Royal Bank Of Canada dropped their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a research report on Monday, November 24th. Bank of America lifted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. TD Cowen reissued a “buy” rating and issued a $510.00 price target on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $202,680,000. Berkshire Hathaway Inc grew its stake in shares of Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after purchasing an additional 255,060 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in shares of Domino’s Pizza during the first quarter worth approximately $110,348,000. Finally, Woodline Partners LP lifted its holdings in shares of Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $431.73 on Wednesday. The business has a 50-day moving average of $413.36 and a two-hundred day moving average of $439.83. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 2.28 and a beta of 1.14. Domino’s Pizza has a 1 year low of $392.89 and a 1 year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.19 EPS. As a group, equities research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

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.