Analysts Set Domino’s Pizza, Inc. (NYSE:DPZ) PT at $518.46

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $525.66.

Several brokerages have recently commented on DPZ. Evercore ISI lifted their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Citigroup lifted their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Benchmark lifted their price objective on shares of Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. UBS Group lifted their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, BTIG Research lifted their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ opened at $521.40 on Friday. Domino’s Pizza has a one year low of $313.87 and a one year high of $542.75. The company has a 50 day moving average of $507.84 and a 200-day moving average of $455.65. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 2.62 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $2.93 EPS. Domino’s Pizza’s revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza will post 16 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Insider Transactions at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders have sold a total of 12,633 shares of company stock valued at $6,649,181 over the last 90 days. 0.76% of the stock is owned by corporate insiders.

Institutional Trading of Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. FMR LLC lifted its stake in Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after acquiring an additional 197,413 shares during the last quarter. Coatue Management LLC acquired a new stake in Domino’s Pizza in the fourth quarter valued at $322,859,000. TD Asset Management Inc raised its position in shares of Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after purchasing an additional 138,224 shares during the period. Finally, Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter valued at about $208,604,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.