Domino’s Pizza (NYSE:DPZ) Price Target Raised to $480.00

Domino’s Pizza (NYSE:DPZ) had its price objective hoisted by Jefferies Financial Group from $455.00 to $480.00 in a report issued on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

A number of other research firms have also commented on DPZ. Stephens reaffirmed an equal weight rating and set a $479.00 target price on shares of Domino’s Pizza in a research report on Friday, April 12th. HSBC started coverage on shares of Domino’s Pizza in a research report on Wednesday, December 20th. They set a buy rating and a $466.00 target price on the stock. Argus raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 target price on the stock in a research report on Tuesday, February 27th. TD Cowen reiterated a buy rating and set a $550.00 price target on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a $430.00 price target (up previously from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $460.90.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $481.66 on Tuesday. The firm has a market cap of $16.78 billion, a PE ratio of 32.83, a PEG ratio of 2.46 and a beta of 0.86. The firm’s 50 day moving average price is $459.86 and its 200 day moving average price is $413.47. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza will post 15.76 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Domino’s Pizza by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock worth $1,982,000 after acquiring an additional 302 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Domino’s Pizza by 15.3% in the first quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock valued at $2,565,000 after buying an additional 838 shares in the last quarter. Sei Investments Co. grew its stake in shares of Domino’s Pizza by 2.3% in the first quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock valued at $6,034,000 after buying an additional 339 shares in the last quarter. Aviva PLC grew its stake in shares of Domino’s Pizza by 35.3% in the first quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock valued at $7,033,000 after buying an additional 4,505 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Domino’s Pizza by 1,387.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock valued at $733,000 after buying an additional 1,679 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

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.