Domino’s Pizza’s (DPZ) “Neutral” Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Domino’s Pizza (NASDAQ:DPZ) in a research note published on Monday morning, Marketbeat Ratings reports. Robert W. Baird currently has a $350.00 price objective on the restaurant operator’s stock.

Several other research firms also recently commented on DPZ. Royal Bank Of Canada increased their price objective on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Weiss Ratings downgraded Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Morgan Stanley dropped their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Stock Performance

DPZ stock opened at $344.56 on Monday. The company’s fifty day moving average price is $327.46 and its 200-day moving average price is $346.05. Domino’s Pizza has a one year low of $282.00 and a one year high of $469.00. The company has a market capitalization of $11.40 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 earnings per share. On average, research analysts predict that Domino’s Pizza will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,254 shares of company stock worth $7,888,924 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the stock. Huntleigh Advisors Inc. increased its position in Domino’s Pizza by 5.0% in the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock valued at $221,000 after acquiring an additional 25 shares during the period. Diversify Advisory Services LLC boosted its position in Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 33 shares during the period. Andina Capital Management LLC boosted its position in Domino’s Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the period. Finally, Unified Investment Management grew its stake in shares of Domino’s Pizza by 5.5% in the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.