Domino’s Pizza (NYSE:DPZ) Price Target Raised to $580.00 at Oppenheimer

Domino’s Pizza (NYSE:DPZ) had its price objective raised by Oppenheimer from $530.00 to $580.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other research firms also recently issued reports on DPZ. Jefferies Financial Group upped their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a hold rating in a research note on Tuesday, April 16th. Gordon Haskett upgraded shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target on the stock in a report on Tuesday, January 16th. 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. JPMorgan Chase & Co. reiterated a neutral rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Finally, Benchmark raised their price target on shares of Domino’s Pizza from $510.00 to $575.00 and gave the stock a buy rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $516.19.

Domino’s Pizza Stock Performance

Shares of DPZ traded up $1.63 during mid-day trading on Tuesday, hitting $514.33. 580,625 shares of the company traded hands, compared to its average volume of 595,011. The stock has a 50-day moving average price of $475.07 and a two-hundred day moving average price of $423.29. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $542.75. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.58 and a beta of 0.83.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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 was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 earnings per share. On average, analysts forecast that Domino’s Pizza will post 16 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $1.51 per share. 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 dividend payout ratio is 39.43%.

Insider Activity

In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,401 shares of company stock valued at $6,995,948. Company insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

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