Domino’s Pizza (NYSE:DPZ) PT Raised to $580.00

Domino’s Pizza (NYSE:DPZ) had its target price raised by BTIG Research from $515.00 to $580.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Domino’s Pizza from $535.00 to $575.00 and gave the stock an outperform rating in a report on Tuesday. Argus raised their price target on Domino’s Pizza from $580.00 to $600.00 and gave the stock a buy rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Domino’s Pizza from $555.00 to $580.00 and gave the company a buy rating in a research report on Tuesday. Sanford C. Bernstein raised Domino’s Pizza from an underperform rating to a market perform rating and increased their target price for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. Finally, Wedbush reissued an outperform rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $516.19.

Domino’s Pizza Trading Up 0.3 %

Shares of DPZ opened at $514.33 on Tuesday. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83. The stock has a 50 day moving average of $475.07 and a 200-day moving average of $423.29.

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

Domino’s Pizza Announces Dividend

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

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock worth $6,995,948 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently made changes to their positions in the company. Coatue Management LLC purchased a new position in Domino’s Pizza during the 4th quarter worth approximately $322,859,000. Norges Bank acquired a new position in Domino’s Pizza during the fourth quarter valued at $208,604,000. International Assets Investment Management LLC raised its position in Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after buying an additional 498,170 shares during the period. TD Asset Management Inc lifted its stake in Domino’s Pizza by 66.8% in the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after acquiring an additional 199,060 shares in the last quarter. Finally, FMR LLC boosted its position in Domino’s Pizza by 16.0% during the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after acquiring an additional 197,413 shares during the period. 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.