Domino’s Pizza (NYSE:DPZ) Price Target Increased to $480.00 by Analysts at Jefferies Financial Group

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

A number of other brokerages have also recently commented on DPZ. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $430.00 price target (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Oppenheimer reiterated an outperform rating and set a $470.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 22nd. Argus raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price target on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus raised their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a report on Thursday, April 11th. Finally, TD Cowen reiterated a buy rating and issued a $550.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $460.90.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $486.73 on Tuesday. The firm has a market cap of $16.95 billion, a PE ratio of 33.18, a P/E/G ratio of 2.50 and a beta of 0.86. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $508.44. The stock has a fifty day moving average price of $457.56 and a 200-day moving average price of $412.51.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $4.43 EPS. As a group, equities analysts anticipate that Domino’s Pizza will post 15.78 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.17%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after acquiring an additional 28,157 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after buying an additional 68,317 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Domino’s Pizza by 23.4% in the 4th 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 during the last quarter. State Street Corp grew its holdings in shares of Domino’s Pizza by 3.9% in the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator’s stock worth $516,362,000 after acquiring an additional 56,942 shares during the period. Finally, FMR LLC increased its position in Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after acquiring an additional 197,413 shares during the last quarter. Hedge funds and other institutional investors 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.