Domino’s Pizza (NYSE:DPZ) Reaches New 52-Week High at $505.56

Domino’s Pizza, Inc. (NYSE:DPZ) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $505.56 and last traded at $501.72, with a volume of 9185 shares. The stock had previously closed at $470.37.

Several equities analysts recently issued reports on DPZ shares. The Goldman Sachs Group lowered Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $450.00 target price on the stock. in a research note on Tuesday, May 25th. Wedbush increased their target price on Domino’s Pizza from $480.00 to $520.00 and gave the stock an “outperform” rating in a research note on Friday, July 16th. Robert W. Baird reissued a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, June 29th. Oppenheimer increased their target price on Domino’s Pizza from $405.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on Domino’s Pizza from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $452.17.

The company’s fifty day moving average price is $451.78. The firm has a market cap of $20.13 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 3.09 and a beta of 0.49.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, April 29th. The restaurant operator reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.06. The firm had revenue of $983.70 million for the quarter, compared to the consensus estimate of $978.61 million. Domino’s Pizza had a negative return on equity of 14.49% and a net margin of 11.53%. On average, analysts expect that Domino’s Pizza, Inc. will post 12.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th were paid a dividend of $0.94 per share. The ex-dividend date was Monday, June 14th. This represents a $3.76 dividend on an annualized basis and a yield of 0.73%. Domino’s Pizza’s dividend payout ratio is presently 31.31%.

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 726 shares of the stock in a transaction that occurred on Thursday, June 17th. The stock was sold at an average price of $457.50, for a total transaction of $332,145.00. Following the completion of the sale, the executive vice president now directly owns 3,915 shares of the company’s stock, valued at approximately $1,791,112.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Russell J. Weiner sold 3,230 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $450.00, for a total value of $1,453,500.00. Following the completion of the sale, the chief operating officer now directly owns 31,783 shares of the company’s stock, valued at $14,302,350. The disclosure for this sale can be found here. Insiders have sold a total of 26,887 shares of company stock worth $11,800,422 in the last 90 days. 1.32% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Alpha DNA Investment Management LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at approximately $25,000. FIL Ltd lifted its holdings in shares of Domino’s Pizza by 708.3% in the 4th quarter. FIL Ltd now owns 97 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 85 shares during the period. Twin Lakes Capital Management LLC purchased a new position in Domino’s Pizza in the 1st quarter valued at approximately $36,000. Allred Capital Management LLC purchased a new position in Domino’s Pizza in the 1st quarter valued at approximately $56,000. Finally, CSat Investment Advisory L.P. increased its stake in Domino’s Pizza by 60.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 162 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 61 shares in the last quarter. 97.78% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Company Profile (NYSE:DPZ)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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