Domino's Pizza (NYSE:DPZ) Upgraded to Outperform at BMO Capital Markets

Defense World · Sep 24, 2022 17:32

BMO Capital Markets upgraded shares of Domino's Pizza (NYSE:DPZ – Get Rating) from a market perform rating to an outperform rating in a research note issued to investors on Friday, The Fly reports. BMO Capital Markets currently has $430.00 price target on the restaurant operator's stock.

Other equities analysts have also issued research reports about the stock. Guggenheim increased their target price on shares of Domino's Pizza to $400.00 in a report on Friday, July 22nd. Barclays dropped their price target on shares of Domino's Pizza from $355.00 to $326.00 and set an overweight rating for the company in a research report on Thursday, June 9th. Sanford C. Bernstein initiated coverage on shares of Domino's Pizza in a research report on Wednesday, September 7th. They set an underperform rating and a $334.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Domino's Pizza from $421.00 to $373.00 in a research report on Thursday. Finally, Credit Suisse Group increased their price target on shares of Domino's Pizza to $425.00 in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $431.36.

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Domino's Pizza Stock Performance

DPZ stock opened at $330.00 on Friday. Domino's Pizza has a 52 week low of $319.62 and a 52 week high of $567.57. The firm's fifty day moving average is $381.44 and its 200 day moving average is $380.17. The firm has a market cap of $11.84 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.39 and a beta of 0.61.

Domino's Pizza (NYSE:DPZ – Get Rating) last released its earnings results on Thursday, July 21st. The restaurant operator reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). Domino's Pizza had a net margin of 10.63% and a negative return on equity of 11.24%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $3.12 EPS. Domino's Pizza's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts forecast that Domino's Pizza will post 12.6 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.33%. Domino's Pizza's payout ratio is 34.35%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 65 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $396.75, for a total value of $25,788.75. Following the completion of the transaction, the executive vice president now directly owns 3,270 shares in the company, valued at approximately $1,297,372.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Cynthia A. Headen sold 65 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $396.75, for a total value of $25,788.75. Following the completion of the sale, the executive vice president now directly owns 3,270 shares in the company, valued at $1,297,372.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Balson sold 4,000 shares of Domino's Pizza stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the completion of the sale, the director now owns 6,870 shares of the company's stock, valued at $2,660,338.80. The disclosure for this sale can be found here. Insiders sold a total of 4,190 shares of company stock worth $1,625,744 in the last three months. 1.12% of the stock is owned by corporate insiders.

Institutional Trading of Domino's Pizza

Large investors have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC grew its stake in shares of Domino's Pizza by 1,300.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 84 shares of the restaurant operator's stock worth $33,000 after acquiring an additional 78 shares during the period. Private Trust Co. NA purchased a new position in shares of Domino's Pizza in the second quarter worth approximately $35,000. First Horizon Advisors Inc. boosted its holdings in shares of Domino's Pizza by 209.7% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator's stock worth $36,000 after buying an additional 65 shares during the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Domino's Pizza in the first quarter worth approximately $47,000. Finally, Valley National Advisers Inc. purchased a new position in shares of Domino's Pizza in the first quarter worth approximately $51,000. 96.44% of the stock is currently owned by institutional investors.

About Domino's Pizza

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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.