Domino’s Pizza’s (DPZ) Buy Rating Reaffirmed at TD Cowen

TD Cowen restated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note released on Monday, Benzinga reports. They currently have a $550.00 target price on the restaurant operator’s stock.

Several other analysts also recently issued reports on DPZ. Stifel Nicolaus boosted their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a report on Thursday, April 11th. Citigroup boosted their price objective on Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Wedbush restated an outperform rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Friday, April 26th. Sanford C. Bernstein raised Domino’s Pizza from an underperform rating to a market perform rating and lifted their target price for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. Finally, Argus raised Domino’s Pizza from a hold rating to a buy rating and set a $530.00 target price on the stock in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of Moderate Buy and a consensus target price of $516.19.

Domino’s Pizza Trading Down 2.4 %

Shares of Domino’s Pizza stock opened at $516.42 on Monday. The company’s 50-day moving average price is $471.46 and its two-hundred day moving average price is $422.01. The stock has a market cap of $17.99 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 EPS. On average, equities analysts predict that Domino’s Pizza will post 15.73 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a yield of 1.17%. Domino’s Pizza’s payout ratio is currently 39.43%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The disclosure for this sale can be found here. Insiders sold 13,401 shares of company stock valued at $6,995,948 over the last 90 days. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DPZ. Coatue Management LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter worth approximately $322,859,000. Norges Bank acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at $208,604,000. International Assets Investment Management LLC raised its stake in shares of Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Domino’s Pizza by 66.8% in the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.