Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $540.00

Domino’s Pizza (NASDAQ:DPZ) had its target price hoisted by BMO Capital Markets from $515.00 to $540.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

DPZ has been the subject of a number of other reports. Oppenheimer upped their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. 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 report on Tuesday. Barclays boosted their target price on Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research note on Tuesday, April 22nd. Morgan Stanley raised their price target on shares of Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Stephens reissued an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $498.50.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza 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 company has a market capitalization 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. The business has a 50-day moving average of $464.42 and a two-hundred day moving average of $449.81.

Domino’s Pizza (NASDAQ:DPZ) last posted 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. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $3.58 EPS. On average, equities analysts anticipate that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares during the period. SkyView Investment Advisors LLC increased its stake in Domino’s Pizza by 11.5% in the third quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock valued at $1,227,000 after acquiring an additional 295 shares during the last quarter. Tidal Investments LLC raised its position in Domino’s Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after purchasing an additional 50,579 shares in the last quarter. Franklin Resources Inc. lifted its stake in Domino’s Pizza by 42.8% during the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock worth $11,571,000 after purchasing an additional 8,103 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Domino’s Pizza in the 3rd quarter valued at $1,649,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.