Domino’s Pizza (NASDAQ:DPZ) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Domino’s Pizza (NASDAQ:DPZ) to a strong-buy rating in a research report released on Monday,Zacks reports.

A number of other research firms also recently commented on DPZ. Citigroup reduced their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Benchmark reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Guggenheim lowered their target price on shares of Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $392.58.

Domino’s Pizza Trading Up 0.1%

NASDAQ DPZ opened at $303.10 on Monday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.39 and a beta of 0.94. The business’s 50 day moving average is $328.19 and its two-hundred day moving average is $329.17. Domino’s Pizza has a 12-month low of $282.00 and a 12-month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same period in the prior year, the company earned $3.81 earnings per share. Domino’s Pizza’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza will post 18.95 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Domino’s Pizza’s payout ratio is currently 45.15%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DPZ. Kennon Green & Company LLC boosted its holdings in shares of Domino’s Pizza by 118.2% during the third quarter. Kennon Green & Company LLC now owns 9,860 shares of the restaurant operator’s stock worth $2,954,000 after purchasing an additional 5,341 shares during the last quarter. CX Institutional lifted its position in Domino’s Pizza by 15.6% during the third quarter. CX Institutional now owns 652 shares of the restaurant operator’s stock worth $195,000 after buying an additional 88 shares during the period. Versant Capital Management Inc lifted its position in Domino’s Pizza by 169.4% during the third quarter. Versant Capital Management Inc now owns 485 shares of the restaurant operator’s stock worth $145,000 after buying an additional 305 shares during the period. Andra AP fonden boosted its stake in Domino’s Pizza by 904.5% in the 2nd quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator’s stock worth $4,674,000 after buying an additional 14,218 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Domino’s Pizza by 21.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,938 shares of the restaurant operator’s stock worth $574,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.