Analysts Set Domino’s Pizza, Inc. (NYSE:DPZ) PT at $525.66

Domino’s Pizza, Inc. (NYSE:DPZ) has been given an average recommendation of “Moderate Buy” by the twenty-nine analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $527.38.

Several equities research analysts have weighed in on DPZ shares. Jefferies Financial Group lifted their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. BTIG Research lifted their price target on shares of Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research note on Thursday, June 13th. They issued a “buy” rating and a $612.00 price target for the company. Morgan Stanley lifted their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company lifted their price target on shares of Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th.

Insider Buying and Selling at Domino’s Pizza

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 shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the business’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 completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Park Avenue Securities LLC raised its position in shares of Domino’s Pizza by 33.7% in the second quarter. Park Avenue Securities LLC now owns 1,102 shares of the restaurant operator’s stock valued at $569,000 after purchasing an additional 278 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Domino’s Pizza by 292.7% in the second quarter. Harbor Capital Advisors Inc. now owns 1,877 shares of the restaurant operator’s stock valued at $969,000 after purchasing an additional 1,399 shares during the period. Fulton Bank N.A. bought a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $282,000. Mather Group LLC. raised its position in shares of Domino’s Pizza by 6.2% in the second quarter. Mather Group LLC. now owns 647 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 38 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Down 4.5 %

Shares of NYSE DPZ opened at $477.83 on Wednesday. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The firm has a fifty day simple moving average of $514.70 and a 200 day simple moving average of $471.06. The company has a market capitalization of $16.67 billion, a PE ratio of 31.19, a P/E/G ratio of 2.47 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $2.93 earnings per share. Domino’s Pizza’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, June 14th. Domino’s Pizza’s payout ratio is 39.43%.

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.