Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $510.00

Domino’s Pizza (NASDAQ:DPZ) had its price target lifted by Morgan Stanley from $492.00 to $510.00 in a report issued on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on the stock. TD Securities reaffirmed a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday. Loop Capital upped their price target on Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 1st. Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Domino’s Pizza from $420.00 to $445.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $498.50.

Domino’s Pizza Trading Down 1.8 %

DPZ stock opened at $481.39 on Tuesday. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $538.44. The stock has a market cap of $16.51 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.47 and a beta of 1.15. The stock’s fifty day simple moving average is $464.42 and its two-hundred day simple moving average is $449.81.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.58 earnings per share. As a group, analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Insider Transactions at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in DPZ. KG&L Capital Management LLC increased its holdings in shares of Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares during the period. Oppenheimer & Co. Inc. increased its stake in Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares during the period. Allworth Financial LP lifted its position in Domino’s Pizza by 16.0% in the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 24 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in shares of Domino’s Pizza by 4.4% during the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator’s stock valued at $270,000 after purchasing an additional 25 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Domino’s Pizza by 1.1% in the first quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator’s stock worth $1,094,000 after purchasing an additional 25 shares during the last quarter. 94.63% of the stock is owned by 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.