Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $564.00

Domino’s Pizza (NASDAQ:DPZ) had its price target upped by Loop Capital from $555.00 to $564.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

DPZ has been the topic of a number of other research reports. Robert W. Baird boosted their target price on shares of Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Wells Fargo & Company lifted their target price on Domino’s Pizza from $420.00 to $445.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Finally, Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $498.50.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $481.39 on Tuesday. The stock has a market capitalization 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. Domino’s Pizza has a 52-week low of $396.06 and a 52-week high of $538.44. The stock’s 50-day simple moving average is $464.42 and its 200 day simple moving average is $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 for the quarter, topping the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $3.58 earnings per share. Equities research analysts forecast that Domino’s Pizza will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction that occurred on 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 directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 over the last quarter. 0.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Berkshire Hathaway Inc boosted its position in Domino’s Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator’s stock valued at $799,897,000 after acquiring an additional 53,124 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Domino’s Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. increased its holdings in Domino’s Pizza by 46.0% during the 4th 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 during the period. Finally, Norges Bank bought a new position in Domino’s Pizza during the 4th quarter valued at approximately $250,571,000. Institutional investors 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.