Domino’s Pizza (NYSE:DPZ) Given New $580.00 Price Target at Deutsche Bank Aktiengesellschaft

Domino’s Pizza (NYSE:DPZ) had its price target raised by Deutsche Bank Aktiengesellschaft from $555.00 to $580.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on DPZ. Evercore ISI lifted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Citigroup lifted their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a neutral rating in a research note on Tuesday. UBS Group lifted their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reissued a neutral rating and set a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Finally, Stephens lifted their target price on shares of Domino’s Pizza from $479.00 to $513.00 and gave the stock an equal weight rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $516.19.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $529.27 on Tuesday. The firm has a market cap of $18.43 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The firm’s fifty day moving average is $469.22 and its 200-day moving average is $420.72. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 earnings per share. Sell-side analysts forecast that Domino’s Pizza will post 15.72 EPS for the current 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 issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction 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 disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its stake in 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 acquiring an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Domino’s Pizza in the third quarter valued at about $39,000. Quadrant Capital Group LLC boosted its stake in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Domino’s Pizza in the third quarter valued at about $49,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.