Domino’s Pizza (NYSE:DPZ) Price Target Raised to $570.00

Domino’s Pizza (NYSE:DPZ) had its price target upped by UBS Group from $526.00 to $570.00 in a research note issued to investors on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also recently issued reports on the company. HSBC began coverage on Domino’s Pizza in a research note on Wednesday, December 20th. They issued a buy rating and a $466.00 price objective for the company. Citigroup raised their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Morgan Stanley upped their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a report on Friday, April 12th. TD Cowen reissued a buy rating and set a $550.00 target price on shares of Domino’s Pizza in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reaffirmed 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $460.90.

Domino’s Pizza Trading Down 0.1 %

Shares of Domino’s Pizza stock opened at $481.66 on Tuesday. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $508.44. The firm’s 50 day simple moving average is $459.86 and its two-hundred day simple moving average is $413.47. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.46 and a beta of 0.86.

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

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.51 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change 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 1.25%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Insider Buying and Selling

In other Domino’s Pizza news, 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 transaction of $346,767.36. Following the completion of the transaction, 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 hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the firm’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 transaction, the executive vice president now owns 3,910 shares in the company, 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, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Domino’s Pizza by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after acquiring an additional 28,157 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after purchasing an additional 68,317 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Domino’s Pizza by 23.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock worth $559,993,000 after buying an additional 306,750 shares in the last quarter. State Street Corp boosted its stake in Domino’s Pizza by 3.9% during the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator’s stock worth $516,362,000 after buying an additional 56,942 shares during the last quarter. Finally, FMR LLC grew its holdings in Domino’s Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after buying an additional 197,413 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.