Domino’s Pizza (NYSE:DPZ) Given New $480.00 Price Target at Jefferies Financial Group

Domino’s Pizza (NYSE:DPZ) had its price target lifted by Jefferies Financial Group from $455.00 to $480.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on DPZ. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a report on Friday, April 12th. Evercore ISI lifted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Barclays lifted their target price on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an underweight rating in a research note on Tuesday, February 27th. HSBC started coverage on shares of Domino’s Pizza in a research note on Wednesday, December 20th. They issued a buy rating and a $466.00 target price for the company. Finally, Citigroup lifted their target price on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of Moderate Buy and an average price target of $460.90.

Domino’s Pizza Stock Down 0.1 %

Shares of NYSE:DPZ opened at $481.66 on Tuesday. The stock’s 50 day moving average is $459.86 and its 200-day moving average is $413.47. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $508.44. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.46 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $4.43 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza will post 15.76 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $1.51 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Cynthia A. Headen sold 768 shares of the company’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 completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tritonpoint Wealth LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at $1,980,000. Nisa Investment Advisors LLC increased its position in Domino’s Pizza by 353.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after purchasing an additional 3,189 shares during the period. International Assets Investment Management LLC increased its position in Domino’s Pizza by 39,287.9% during 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 purchasing an additional 498,170 shares during the period. Deutsche Bank AG increased its position in Domino’s Pizza by 41.2% during the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock valued at $42,609,000 after purchasing an additional 32,797 shares during the period. Finally, HB Wealth Management LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at $269,000. 94.63% of the stock is 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.