Domino’s Pizza (NASDAQ:DPZ) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $314.00 and traded as high as $323.50. Domino’s Pizza shares last traded at $322.35, with a volume of 760,650 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DPZ. Bank of America reduced their price target on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Wells Fargo & Company lowered their price objective on Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. JPMorgan Chase & Co. lowered their price objective on Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Seaport Research Partners assumed coverage on Domino’s Pizza in a report on Wednesday, September 16th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $380.87.

Domino’s Pizza Stock Up 2.8%

The stock has a market cap of $10.60 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. The firm’s 50 day simple moving average is $314.00 and its two-hundred day simple moving average is $342.92.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the business posted $4.08 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza Inc will post 19.10 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio is currently 43.86%.

Hedge Funds Weigh In On Domino’s Pizza

A number of large investors have recently bought and sold shares of DPZ. Soroban Capital Partners LP bought a new position in shares of Domino’s Pizza during the first quarter worth about $895,251,000. BlackRock Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $715,704,000. Arrowstreet Capital Limited Partnership lifted its position in Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Royal Bank of Canada lifted its position in Domino’s Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after purchasing an additional 22,320 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Domino’s Pizza by 937,192.2% during the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after purchasing an additional 477,968 shares during the period. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.