Domino’s Pizza Inc (NASDAQ:DPZ) Receives $487.17 Consensus Price Target from Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has earned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $487.17.

DPZ has been the topic of a number of analyst reports. Barclays reduced their price target on Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada increased their price target on Domino’s Pizza from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Robert W. Baird increased their price target on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. TD Securities reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, April 28th. Finally, Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd.

Domino’s Pizza Trading Up 0.1%

Domino’s Pizza stock opened at $447.28 on Wednesday. Domino’s Pizza has a 12 month low of $396.06 and a 12 month high of $535.26. The stock’s 50 day moving average is $473.98 and its 200-day moving average is $457.87. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.54 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $3.58 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s payout ratio is presently 39.91%.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Alta Capital Management LLC increased its holdings in Domino’s Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after purchasing an additional 1,214 shares during the period. Merit Financial Group LLC increased its holdings in Domino’s Pizza by 88.5% in the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock valued at $731,000 after purchasing an additional 747 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Domino’s Pizza in the fourth quarter valued at $282,000. Buckingham Capital Management Inc. increased its holdings in Domino’s Pizza by 54.2% in the fourth quarter. Buckingham Capital Management Inc. now owns 9,954 shares of the restaurant operator’s stock valued at $4,178,000 after purchasing an additional 3,498 shares during the period. Finally, HS Management Partners LLC increased its holdings in Domino’s Pizza by 11.6% in the fourth quarter. HS Management Partners LLC now owns 96,140 shares of the restaurant operator’s stock valued at $40,356,000 after purchasing an additional 10,010 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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.