TD Cowen Reiterates Buy Rating for Domino’s Pizza (NYSE:DPZ)

TD Cowen reiterated their buy rating on shares of Domino’s Pizza (NYSE:DPZ) in a report published on Monday morning, Benzinga reports. TD Cowen currently has a $550.00 price objective on the restaurant operator’s stock.

Several other brokerages have also recently issued reports on DPZ. JPMorgan Chase & Co. restated a neutral rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Argus upgraded Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price objective for the company in a report on Tuesday, February 27th. Stephens reissued an equal weight rating and set a $479.00 target price on shares of Domino’s Pizza in a research note on Friday, April 12th. Stifel Nicolaus raised their price target on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, UBS Group lifted their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a buy rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $469.67.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $527.12 on Monday. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $539.99. The firm has a 50 day moving average price of $469.22 and a 200-day moving average price of $420.72. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $4.43 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $1.51 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.15%. Domino’s Pizza’s payout ratio is currently 41.17%.

Insider Transactions at Domino’s Pizza

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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction 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 sale, 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. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Domino’s Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza during the third quarter valued at $39,000. Quadrant Capital Group LLC lifted its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Domino’s Pizza in the third quarter worth $49,000. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Company Profile

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.