Domino’s Pizza Inc (NASDAQ:DPZ) Plans $1.99 Quarterly Dividend

Domino’s Pizza Inc (NASDAQ:DPZ) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Monday, June 15th will be paid a dividend of 1.99 per share by the restaurant operator on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th.

Domino’s Pizza has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 12 consecutive years.

Domino’s Pizza Price Performance

NASDAQ DPZ traded up $11.62 during mid-day trading on Friday, reaching $323.88. 840,483 shares of the stock were exchanged, compared to its average volume of 680,566. Domino’s Pizza has a one year low of $297.48 and a one year high of $496.00. The stock has a 50 day simple moving average of $335.13 and a 200-day simple moving average of $379.59. The stock has a market cap of $10.77 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.45 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion for the quarter. During the same period in the previous year, the company earned $4.33 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Domino’s Pizza will post 19.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DPZ shares. Wells Fargo & Company decreased their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Royal Bank Of Canada decreased their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Benchmark decreased their target price on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Northcoast Research decreased their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $418.13.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.