Analysts Set Domino’s Pizza, Inc. (DPZ) Target Price at $272.86

Domino’s Pizza, Inc. (NYSE:DPZ) has been given an average rating of “Buy” by the twenty-five brokerages that are presently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $272.86.

A number of research analysts have recently weighed in on DPZ shares. Maxim Group lifted their price target on Domino’s Pizza from $285.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, October 10th. Citigroup lowered their price target on Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating on the stock in a report on Monday, October 22nd. Morgan Stanley lifted their price target on Domino’s Pizza from $260.00 to $270.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Mizuho set a $300.00 price target on Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.

In other Domino’s Pizza news, COO Russell J. Weiner sold 4,404 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the sale, the chief operating officer now owns 13,738 shares of the company’s stock, valued at $4,037,323.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider J Patrick Doyle sold 25,600 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the completion of the sale, the insider now directly owns 49,670 shares of the company’s stock, valued at approximately $14,958,120.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,004 shares of company stock valued at $11,956,888. Insiders own 3.97% of the company’s stock.



Large investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Domino’s Pizza by 150.2% during the 2nd quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock worth $334,186,000 after purchasing an additional 711,035 shares during the last quarter. BlackRock Inc. lifted its position in shares of Domino’s Pizza by 5.8% during the 2nd quarter. BlackRock Inc. now owns 5,316,377 shares of the restaurant operator’s stock worth $1,500,121,000 after purchasing an additional 292,482 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Domino’s Pizza by 319.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 225,664 shares of the restaurant operator’s stock worth $66,526,000 after purchasing an additional 171,832 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Domino’s Pizza by 41.9% during the 2nd quarter. Bank of America Corp DE now owns 275,099 shares of the restaurant operator’s stock worth $77,625,000 after purchasing an additional 81,286 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Domino’s Pizza by 13,054.7% during the 3rd quarter. Strs Ohio now owns 81,822 shares of the restaurant operator’s stock worth $24,121,000 after purchasing an additional 81,200 shares during the last quarter. 93.75% of the stock is owned by institutional investors.

Shares of DPZ stock opened at $266.23 on Friday. Domino’s Pizza has a 1-year low of $166.74 and a 1-year high of $305.34. The firm has a market cap of $10.87 billion, a PE ratio of 49.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.22.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The business had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. Domino’s Pizza’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, analysts expect that Domino’s Pizza will post 8.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Domino’s Pizza’s payout ratio is 41.20%.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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