Domino's Pizza (NYSE:DPZ) Stock Price Up 3.5%

Defense World · Sep 25, 2022 17:31

Domino's Pizza, Inc. (NYSE:DPZ – Get Rating)'s stock price rose 3.5% on Friday . The stock traded as high as $332.56 and last traded at $331.32. Approximately 6,001 shares were traded during trading, a decline of 99% from the average daily volume of 675,981 shares. The stock had previously closed at $320.14.

Analysts Set New Price Targets

DPZ has been the subject of several recent analyst reports. BMO Capital Markets upgraded shares of Domino's Pizza from a "market perform" rating to an "outperform" rating and set a $430.00 price objective for the company in a research report on Friday. Sanford C. Bernstein initiated coverage on shares of Domino's Pizza in a report on Wednesday, September 7th. They issued an "underperform" rating and a $334.00 target price on the stock. Bank of America cut their target price on shares of Domino's Pizza from $512.00 to $490.00 and set a "buy" rating on the stock in a report on Friday, July 22nd. Stifel Nicolaus lifted their target price on shares of Domino's Pizza from $345.00 to $400.00 in a report on Monday, July 18th. Finally, Oppenheimer lifted their target price on shares of Domino's Pizza from $435.00 to $445.00 in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Domino's Pizza presently has a consensus rating of "Hold" and a consensus price target of $431.36.

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Domino's Pizza Stock Performance

The company has a market capitalization of $11.84 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.30 and a beta of 0.61. The firm's 50-day simple moving average is $381.44 and its 200 day simple moving average is $380.06.

Domino's Pizza (NYSE:DPZ – Get Rating) last issued 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). The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. Domino's Pizza's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.12 earnings per share. As a group, equities analysts anticipate that Domino's Pizza, Inc. will post 12.6 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given 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 dividend payout ratio is presently 34.35%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Norges Bank purchased a new position in Domino's Pizza in the 4th quarter valued at about $251,368,000. FMR LLC lifted its holdings in Domino's Pizza by 15.2% in the 2nd quarter. FMR LLC now owns 2,414,976 shares of the restaurant operator's stock valued at $941,140,000 after purchasing an additional 319,545 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Domino's Pizza by 572.7% in the 2nd quarter. Voya Investment Management LLC now owns 271,808 shares of the restaurant operator's stock valued at $105,926,000 after purchasing an additional 231,402 shares in the last quarter. BlackRock Inc. lifted its holdings in Domino's Pizza by 6.5% in the 4th quarter. BlackRock Inc. now owns 3,539,785 shares of the restaurant operator's stock valued at $1,997,609,000 after purchasing an additional 215,128 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Domino's Pizza by 16.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,340 shares of the restaurant operator's stock valued at $542,276,000 after acquiring an additional 190,595 shares during the last quarter. 96.44% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Company Profile

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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.