Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $440.00

Domino’s Pizza (NASDAQ:DPZ) had its target price upped by Stephens from $420.00 to $440.00 in a report issued on Tuesday,Benzinga reports. Stephens currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Robert W. Baird decreased their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Barclays dropped their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $482.28 on Tuesday. The stock has a market capitalization of $16.65 billion, a PE ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a fifty day moving average of $443.65 and a two-hundred day moving average of $435.98.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $4.48 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is 37.10%.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently made changes to their positions in the stock. ABLE Financial Group LLC boosted its position in shares of Domino’s Pizza by 26.9% during the fourth quarter. ABLE Financial Group LLC now owns 4,500 shares of the restaurant operator’s stock worth $1,889,000 after buying an additional 955 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Domino’s Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after acquiring an additional 5,762 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Domino’s Pizza by 33.0% during the 4th quarter. Mackenzie Financial Corp now owns 3,816 shares of the restaurant operator’s stock valued at $1,602,000 after acquiring an additional 946 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new position in Domino’s Pizza in the 4th quarter valued at about $925,000. Finally, Novem Group purchased a new stake in Domino’s Pizza during the fourth quarter worth about $315,000. Hedge funds and other institutional investors 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.