Domino’s Pizza (DPZ) – Analysts’ Weekly Ratings Changes

Posted by Defense World Staff on Apr 19th, 2024

Domino’s Pizza (NYSE: DPZ) has recently received a number of price target changes and ratings updates:

4/16/2024 – Domino’s Pizza had its price target raised by analysts at Jefferies Financial Group Inc. from $455.00 to $480.00. They now have a “hold” rating on the stock.
4/16/2024 – Domino’s Pizza had its price target raised by analysts at UBS Group AG from $526.00 to $570.00. They now have a “buy” rating on the stock.
4/12/2024 – Domino’s Pizza had its price target raised by analysts at Morgan Stanley from $485.00 to $515.00. They now have an “overweight” rating on the stock.
4/12/2024 – Domino’s Pizza had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $479.00 price target on the stock.
4/11/2024 – Domino’s Pizza had its price target raised by analysts at Citigroup Inc. from $458.00 to $505.00. They now have a “neutral” rating on the stock.
4/11/2024 – Domino’s Pizza had its price target raised by analysts at Stifel Nicolaus from $500.00 to $550.00. They now have a “buy” rating on the stock.
4/10/2024 – Domino’s Pizza had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $520.00 price target on the stock.
4/10/2024 – Domino’s Pizza had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $550.00 price target on the stock.
4/8/2024 – Domino’s Pizza had its price target raised by analysts at Evercore ISI from $510.00 to $560.00. They now have an “outperform” rating on the stock.
4/2/2024 – Domino’s Pizza had its price target raised by analysts at TD Cowen from $525.00 to $550.00. They now have a “buy” rating on the stock.
2/27/2024 – Domino’s Pizza had its price target raised by analysts at Barclays PLC from $346.00 to $405.00. They now have an “underweight” rating on the stock.
2/27/2024 – Domino’s Pizza had its price target raised by analysts at Morgan Stanley from $465.00 to $485.00. They now have an “overweight” rating on the stock.
2/27/2024 – Domino’s Pizza had its price target raised by analysts at BMO Capital Markets from $475.00 to $535.00. They now have an “outperform” rating on the stock.
2/27/2024 – Domino’s Pizza had its price target raised by analysts at Piper Sandler from $400.00 to $435.00. They now have a “neutral” rating on the stock.
2/27/2024 – Domino’s Pizza had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $430.00 price target on the stock, up previously from $420.00.
2/27/2024 – Domino’s Pizza had its price target raised by analysts at UBS Group AG from $480.00 to $526.00. They now have a “buy” rating on the stock.
2/27/2024 – Domino’s Pizza was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $530.00 price target on the stock.
2/26/2024 – Domino’s Pizza had its “outperform” rating reaffirmed by analysts at TD Cowen. They now have a $525.00 price target on the stock, up previously from $470.00.
2/26/2024 – Domino’s Pizza had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $520.00 price target on the stock, up previously from $445.00.
2/22/2024 – Domino’s Pizza had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $470.00 price target on the stock.

Domino’s Pizza Trading Down 0.1 %

NYSE:DPZ opened at $481.66 on Friday. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.46 and a beta of 0.86. The firm’s fifty day simple moving average is $459.86 and its 200 day simple moving average is $413.47. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $508.44.

Domino’s Pizza (NYSE:DPZ – Get Free Report) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The business had revenue of $1.40 billion for 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%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.43 EPS. On average, analysts predict that Domino’s Pizza, Inc. will post 15.76 earnings per share for the current 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 issued 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 of this dividend was Thursday, March 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.25%. Domino’s Pizza’s payout ratio is presently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction 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 transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 768 shares of the business’s 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 transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Domino’s Pizza in the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV increased its position in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter worth about $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $39,000. Finally, Quadrant Capital Group LLC increased its position in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.