Domino’s Pizza, Inc. (NYSE:DPZ) Receives $460.90 Average Target Price from Brokerages

Domino’s Pizza, Inc. (NYSE:DPZ) has earned an average recommendation of “Moderate Buy” from the twenty-four research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $460.90.

Several equities research analysts have issued reports on DPZ shares. TD Cowen reaffirmed a “buy” rating and set a $550.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group lifted their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. 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 note on Tuesday, February 27th. Finally, Evercore ISI lifted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 768 shares of the company’s 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 completion of the transaction, 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 accessible through the SEC website. In other 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 value 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 $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 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. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock valued at $1,597,686,000 after acquiring an additional 18,397 shares during the period. Principal Financial Group Inc. boosted 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 acquiring an additional 68,317 shares during the period. FMR LLC boosted its holdings in shares of Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after acquiring an additional 197,413 shares during the period. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $322,859,000. Finally, Norges Bank purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $208,604,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $481.05 on Friday. The company’s fifty day moving average price is $462.90 and its 200 day moving average price is $416.51. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $508.44. The stock has a market capitalization of $16.75 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.47 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $4.43 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts predict that Domino’s Pizza will post 15.72 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.26%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is 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.