Domino’s Pizza (NYSE:DPZ) PT Raised to $513.00

Domino’s Pizza (NYSE:DPZ) had its price objective increased by Stephens from $479.00 to $513.00 in a research note published on Tuesday morning, Benzinga reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.

DPZ has been the subject of several other reports. JPMorgan Chase & Co. reiterated a neutral rating and issued a $430.00 price target (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Morgan Stanley upped their price objective on Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a report on Friday, April 12th. Argus upgraded shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price target on the stock in a report on Tuesday, February 27th. Stifel Nicolaus boosted their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, Wedbush reaffirmed an outperform rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $516.19.

Domino’s Pizza Stock Performance

DPZ stock opened at $514.33 on Tuesday. The stock’s 50 day moving average price is $475.07 and its 200 day moving average price is $423.29. The firm has a market cap of $17.94 billion, a P/E ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $542.75.

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

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a yield of 1.17%. Domino’s Pizza’s payout ratio is 39.43%.

Insider Activity

In related news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders have sold a total of 13,401 shares of company stock worth $6,995,948 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV grew its stake in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Domino’s Pizza in the 3rd quarter worth $39,000. Quadrant Capital Group LLC lifted its position in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Domino’s Pizza during the third quarter valued at about $49,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.