Stephens Forecasts Strong Price Appreciation for Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza (NASDAQ:DPZ) had its target price increased by Stephens from $420.00 to $440.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays dropped their price target on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Robert W. Baird cut their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday. Morgan Stanley decreased their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday. Finally, Citigroup raised their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

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

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company posted $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% compared to the same quarter last year. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Institutional Trading of Domino’s Pizza

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ABLE Financial Group LLC grew its holdings in Domino’s Pizza by 26.9% in the 4th quarter. ABLE Financial Group LLC now owns 4,500 shares of the restaurant operator’s stock valued at $1,889,000 after buying an additional 955 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Domino’s Pizza by 1.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after acquiring an additional 5,762 shares in the last quarter. Mackenzie Financial Corp raised its position in Domino’s Pizza by 33.0% in the fourth quarter. Mackenzie Financial Corp now owns 3,816 shares of the restaurant operator’s stock valued at $1,602,000 after purchasing an additional 946 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter worth about $925,000. Finally, Novem Group purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth about $315,000. 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.