Domino’s Pizza (NYSE:DPZ) Price Target Raised to $530.00

Domino’s Pizza (NYSE:DPZ) had its target price upped by Citigroup from $505.00 to $530.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

DPZ has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued a neutral rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Argus upgraded Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price objective for the company in a research note on Tuesday, February 27th. Wedbush reiterated an outperform rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Friday, April 26th. Stifel Nicolaus increased their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a buy rating in a report on Thursday, April 11th. Finally, Evercore ISI lifted their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of Moderate Buy and a consensus target price of $516.19.

Domino’s Pizza Price Performance

DPZ opened at $514.33 on Tuesday. The business has a 50 day simple moving average of $475.07 and a two-hundred day simple moving average of $423.29. Domino’s Pizza has a one year low of $285.84 and a one year high of $542.75. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $2.93 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza will post 16 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Insiders Place Their Bets

In other news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,401 shares of company stock worth $6,995,948. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Domino’s Pizza during the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV increased its position in shares of Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Domino’s Pizza during the third quarter worth $39,000. Quadrant Capital Group LLC raised its position in shares of Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Domino’s Pizza in the third quarter valued at approximately $49,000. 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.