Domino’s Pizza, Inc. (NYSE:DPZ) Receives $441.79 Average Target Price from Brokerages

Domino’s Pizza, Inc. (NYSE:DPZ) has received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $441.79.

DPZ has been the topic of several research reports. Stephens raised their price objective on Domino’s Pizza from $365.00 to $400.00 and gave the company an “equal weight” rating in a research report on Friday, December 8th. Piper Sandler boosted their price target on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. Stifel Nicolaus boosted their target price on shares of Domino’s Pizza from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Argus raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target for the company in a report on Tuesday, February 27th.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Domino’s Pizza during the 4th quarter worth $369,800,000. Coatue Management LLC acquired a new position in Domino’s Pizza during the 4th quarter valued at about $322,859,000. International Assets Investment Management LLC lifted its stake in shares of Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after acquiring an additional 498,170 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Domino’s Pizza by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after acquiring an additional 306,750 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Domino’s Pizza by 231.3% during the second quarter. Nuveen Asset Management LLC now owns 378,034 shares of the restaurant operator’s stock valued at $127,394,000 after acquiring an additional 263,944 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

DPZ opened at $492.13 on Monday. The company has a market cap of $17.14 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.35 and a beta of 0.85. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $493.19. The firm has a 50 day moving average price of $437.67 and a 200 day moving average price of $401.50.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.43 earnings per share. On average, sell-side analysts predict that Domino’s Pizza will post 15.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $1.51 dividend. This is an increase 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 1.23%. The ex-dividend date of this dividend is Thursday, March 14th. Domino’s Pizza’s payout ratio is presently 41.17%.

About Domino’s Pizza

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.