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

Stephens reissued their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research report released on Monday morning,Benzinga reports. They currently have a $440.00 price target on the restaurant operator’s stock.

Several other brokerages also recently commented on DPZ. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. TD Cowen restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Barclays boosted their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Oppenheimer boosted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Citigroup boosted their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Down 1.2 %

NASDAQ DPZ opened at $476.18 on Monday. The stock’s 50 day moving average is $447.99 and its two-hundred day moving average is $437.05. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.48 earnings per share. On average, analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change 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 1.46%. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC boosted its stake in shares of Domino’s Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after buying an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Domino’s Pizza by 1.0% in 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 period. Finally, Commerce Bank raised its holdings 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 valued at $4,024,000 after purchasing an additional 1,404 shares during the period. 94.63% of the stock is 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.