Domino’s Pizza, Inc. (NYSE:DPZ) Declares $1.51 Quarterly Dividend

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 1.51 per share by the restaurant operator on Monday, September 30th. This represents a $6.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, September 13th.

Domino’s Pizza has increased its dividend payment by an average of 15.8% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Domino’s Pizza has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Domino’s Pizza to earn $17.86 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 33.8%.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $416.77 on Wednesday. The company has a market capitalization of $14.54 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a 52-week low of $330.05 and a 52-week high of $542.75. The business’s fifty day moving average is $437.73 and its 200 day moving average is $474.97.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $3.08 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza will post 16.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on DPZ shares. Royal Bank of Canada lowered their price objective on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. TD Cowen reaffirmed a “buy” rating and set a $610.00 price target on shares of Domino’s Pizza in a research note on Thursday, July 18th. Oppenheimer reduced their price objective on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, September 6th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a research report on Thursday, June 13th. They issued a “buy” rating and a $612.00 target price for the company. Finally, Stephens reduced their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $514.18.

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.