Domino's Pizza, Inc. (NYSE:DPZ) Given Average Rating of "Moderate Buy" by Brokerages

Domino's Pizza, Inc. (NYSE:DPZ - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $495.76.

DPZ has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Bank of America decreased their target price on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a report on Friday, October 11th. Loop Capital upgraded Domino's Pizza from a "hold" rating to a "buy" rating and upped their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Robert W. Baird lowered their price objective on Domino's Pizza from $580.00 to $535.00 and set an "outperform" rating for the company in a research note on Thursday, September 12th.

Domino's Pizza Trading Up 1.0 %

Domino's Pizza stock traded up $4.46 during trading hours on Wednesday, hitting $431.00. 214,898 shares of the stock traded hands, compared to its average volume of 600,411. Domino's Pizza has a one year low of $395.08 and a one year high of $542.75. The company has a market cap of $14.88 billion, a PE ratio of 26.47, a PEG ratio of 2.47 and a beta of 0.88. The firm's 50-day moving average price is $442.20 and its two-hundred day moving average price is $446.05.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.18 earnings per share. On average, sell-side analysts expect that Domino's Pizza will post 16.82 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio is presently 37.10%.

Insider Buying and Selling at Domino's Pizza

In related news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino's Pizza

A number of institutional investors have recently added to or reduced their stakes in DPZ. True Wealth Design LLC boosted its position in shares of Domino's Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Domino's Pizza during the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino's Pizza during the third quarter valued at about $43,000. Blue Trust Inc. increased its holdings in shares of Domino's Pizza by 100.0% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after purchasing an additional 63 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Domino's Pizza by 46.6% in the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock worth $55,000 after purchasing an additional 34 shares during 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.