Domino’s Pizza (NYSE:DPZ) Price Target Raised to $570.00 at UBS Group

Domino’s Pizza (NYSE:DPZ) had its price target upped by UBS Group from $526.00 to $570.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the stock. HSBC started coverage on shares of Domino’s Pizza in a research note on Wednesday, December 20th. They set a buy rating and a $466.00 price target on the stock. Barclays upped 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 report on Tuesday, February 27th. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Piper Sandler upped their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. restated a neutral rating and set a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Domino’s Pizza currently has a consensus rating of Moderate Buy and a consensus target price of $460.90.

Domino’s Pizza Stock Down 0.3 %

Shares of Domino’s Pizza stock opened at $486.73 on Tuesday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $508.44. The company’s 50-day simple moving average is $457.56 and its 200-day simple moving average is $412.51. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86.

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 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $4.43 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza will post 15.78 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.51 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. This represents a $6.04 annualized dividend and a yield of 1.24%. Domino’s Pizza’s dividend payout ratio is 41.17%.

Insider Buying and Selling

In related 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 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 $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently made changes to their positions in DPZ. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Domino’s Pizza in the fourth quarter worth $25,000. KB Financial Partners LLC acquired a new stake in shares of Domino’s Pizza in the first quarter worth $32,000. 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 worth $34,000 after acquiring an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Domino’s Pizza in the third quarter worth $39,000. Finally, Quadrant Capital Group LLC increased its position in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 33 shares in the last quarter. 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.