Domino’s Pizza (NASDAQ:DPZ) Given “Equal Weight” Rating at Stephens

Stephens reissued their equal weight rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a $440.00 price target on the restaurant operator’s stock.

DPZ has been the topic of several other reports. Barclays increased their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. TD Securities reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Morgan Stanley lowered their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets increased their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, Oppenheimer raised their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $476.18 on Monday. The firm’s 50-day moving average is $447.99 and its 200-day moving average is $437.05. The stock has a market cap 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 52-week low of $396.06 and a 52-week high of $542.75.

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 during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.48 earnings per share. Sell-side analysts predict that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.46%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of the business. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza in the third quarter valued at $549,399,000. Janney Montgomery Scott LLC increased its stake in Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after purchasing an additional 8,136 shares in the last quarter. Empowered Funds LLC increased its stake in Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Domino’s Pizza by 1.0% in the third 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 in the last quarter. Finally, Commerce Bank increased its stake in Domino’s Pizza by 17.7% in the third 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 in the last quarter. Institutional investors own 94.63% of the company’s stock.

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.