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

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

Several other brokerages also recently issued reports on DPZ. Stephens upped their price target on shares of Domino’s Pizza from $479.00 to $513.00 and gave the stock an equal weight rating in a report on Tuesday, April 30th. Wedbush reissued an outperform rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research note on Monday, June 10th. Wells Fargo & Company boosted their price objective on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an equal weight rating in a research note on Tuesday, April 30th. BTIG Research boosted their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley boosted their price objective 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $525.66.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $521.41 on Thursday. The company has a fifty day moving average of $508.40 and a 200-day moving average of $456.58. The company has a market capitalization of $18.19 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85. Domino’s Pizza has a 52-week low of $313.87 and a 52-week high of $542.75.

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

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.51 per share. 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 (DPR) is presently 39.43%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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 in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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 in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders have sold 12,633 shares of company stock worth $6,649,181 in the last quarter. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in Domino’s Pizza by 9.7% in the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock valued at $485,000 after buying an additional 104 shares during the last quarter. Tritonpoint Wealth LLC purchased a new stake in Domino’s Pizza in the 4th quarter valued at about $1,980,000. Nisa Investment Advisors LLC increased its stake in Domino’s Pizza by 353.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after buying an additional 3,189 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Domino’s Pizza by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after buying an additional 39 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after buying an additional 498,170 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.