Domino’s Pizza (NYSE:DPZ) Earns “Buy” Rating from TD Cowen

TD Cowen reiterated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $550.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also commented on the stock. Gordon Haskett raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target for the company in a report on Tuesday, January 16th. HSBC began coverage on shares of Domino’s Pizza in a report on Wednesday, December 20th. They issued a buy rating and a $466.00 price target for the company. Evercore ISI lifted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Barclays lifted their target price on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an underweight rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of Moderate Buy and an average price target of $455.76.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $495.31 on Wednesday. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86. The company has a 50 day moving average price of $454.85 and a 200-day moving average price of $410.57. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $508.44.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.43 EPS. On average, sell-side analysts anticipate that Domino’s Pizza will post 15.78 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.17%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its stake in Domino’s Pizza by 1.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after purchasing an additional 25 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in shares of Domino’s Pizza by 2.0% in the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Domino’s Pizza by 2.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock valued at $385,000 after acquiring an additional 26 shares during the period. Czech National Bank boosted its holdings in shares of Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares during the period. Finally, Studio Investment Management LLC boosted its holdings in shares of Domino’s Pizza by 4.9% in the fourth quarter. Studio Investment Management LLC now owns 665 shares of the restaurant operator’s stock valued at $230,000 after acquiring an additional 31 shares during the period. 94.63% of the stock is currently 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.