Barclays Issues Positive Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price

Domino’s Pizza (NASDAQ:DPZ) had its target price raised by Barclays from $402.00 to $420.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an underweight rating on the restaurant operator’s stock.

Several other research firms have also issued reports on DPZ. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday. Stephens raised their price target on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Citigroup upped their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $482.28 on Tuesday. The company has a market cap of $16.65 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The stock’s 50 day simple moving average is $443.65 and its two-hundred day simple moving average is $435.98.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.48 EPS. Equities research analysts expect that Domino’s Pizza will post 16.74 EPS 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 issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. Domino’s Pizza’s payout ratio is currently 37.10%.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently modified their holdings of the company. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. Janney Montgomery Scott LLC increased its position in shares of Domino’s Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares in the last quarter. Empowered Funds LLC increased its position in shares of Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.