Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $465.00

Domino’s Pizza (NASDAQ:DPZ) had its price target boosted by Wells Fargo & Company from $445.00 to $465.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

DPZ has been the subject of several other reports. BTIG Research set a $530.00 target price on shares of Domino’s Pizza and gave the stock a “buy” rating in a research report on Monday. TD Cowen reissued a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Oppenheimer raised their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their target price on Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Benchmark raised their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $498.50.

Domino’s Pizza Stock Performance

DPZ stock opened at $481.39 on Tuesday. The stock’s 50 day simple moving average is $464.42 and its 200 day simple moving average is $449.81. The company has a market cap of $16.51 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $3.58 EPS. Domino’s Pizza’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.45%. Domino’s Pizza’s payout ratio is 39.91%.

Insider Activity

In related news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 over the last quarter. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its holdings in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $250,571,000. GAMMA Investing LLC increased its position in shares of Domino’s Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock worth $119,480,000 after purchasing an additional 259,566 shares during the last quarter. Invesco Ltd. raised its stake in Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in Domino’s Pizza during the fourth quarter valued at approximately $56,647,000. 94.63% of the stock is currently owned by hedge funds and other 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.