TD Cowen Increases Domino’s Pizza (NYSE:DPZ) Price Target to $610.00

Domino’s Pizza (NYSE:DPZ) had its price objective raised by TD Cowen from $580.00 to $610.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other research firms have also weighed in on DPZ. Piper Sandler upped their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a neutral rating in a research report on Tuesday, February 27th. BMO Capital Markets upped their price target on Domino’s Pizza from $535.00 to $575.00 and gave the company an outperform rating in a research report on Tuesday, April 30th. Argus upped their price target on Domino’s Pizza from $580.00 to $600.00 and gave the company a buy rating in a research report on Tuesday, April 30th. Stephens upped their price target on Domino’s Pizza from $479.00 to $513.00 and gave the company an equal weight rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus upped their target price on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $525.66.

Domino’s Pizza Stock Down 1.4 %

Shares of Domino’s Pizza stock opened at $521.41 on Thursday. The stock’s fifty day moving average is $508.40 and its 200-day moving average is $457.06. The firm has a market capitalization of $18.19 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.57 and a beta of 0.85. Domino’s Pizza has a 12-month low of $313.87 and a 12-month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. Domino’s Pizza’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Analysts expect that Domino’s Pizza will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed 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 is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.16%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insiders Place Their Bets

In related news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was 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 approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,633 shares of company stock worth $6,649,181. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently modified their holdings of DPZ. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $25,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth approximately $36,000. Quadrant Capital Group LLC increased its holdings in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Domino’s Pizza during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.