Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $535.00

Domino’s Pizza (NASDAQ:DPZ) had its target price boosted by Benchmark from $520.00 to $535.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research firms have also issued reports on DPZ. BMO Capital Markets boosted their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 1st. TD Cowen reiterated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Loop Capital increased their price objective on Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $498.50.

Domino’s Pizza Stock Down 1.8 %

DPZ opened at $481.39 on Tuesday. The firm has a market cap of $16.51 billion, a PE ratio of 29.57, a P/E/G ratio of 2.47 and a beta of 1.15. The business has a fifty day simple moving average of $464.42 and a 200-day simple moving average of $449.81. 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 released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $3.58 EPS. On average, equities research analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 over the last 90 days. 0.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of the business. Sherman Asset Management Inc. bought a new position in Domino’s Pizza during the fourth quarter worth $25,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino’s Pizza during the 4th quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino’s Pizza during the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in shares of Domino’s Pizza during the first quarter valued at about $27,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. 94.63% of the stock is owned by 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.