Domino’s Pizza (NYSE:DPZ) Sets New 1-Year High at $480.94

Domino’s Pizza, Inc. (NYSE:DPZ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $480.94 and last traded at $480.70, with a volume of 224289 shares trading hands. The stock had previously closed at $465.11.

Wall Street Analyst Weigh In

DPZ has been the subject of several research analyst reports. Citigroup upped their target price on shares of Domino’s Pizza from $396.00 to $424.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. UBS Group upped their target price on shares of Domino’s Pizza from $480.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. 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 research report on Tuesday, January 16th. Finally, BMO Capital Markets increased their target price on Domino’s Pizza from $475.00 to $535.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $441.79.

Domino’s Pizza Price Performance

The firm’s 50 day moving average is $437.67 and its two-hundred day moving average is $401.50. The firm has a market capitalization of $17.14 billion, a P/E ratio of 33.55, a PEG ratio of 2.44 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $4.43 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Domino’s Pizza, Inc. will post 15.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $1.51 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date is Thursday, March 14th. This represents a $6.04 annualized dividend and a yield of 1.23%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Domino’s Pizza by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock worth $1,580,935,000 after buying an additional 28,157 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock worth $645,549,000 after buying an additional 68,317 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 23.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock worth $559,993,000 after buying an additional 306,750 shares in the last quarter. State Street Corp lifted its holdings in shares of Domino’s Pizza by 3.9% during the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator’s stock worth $516,362,000 after buying an additional 56,942 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after buying an additional 197,413 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.