Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $350.00 at Wells Fargo & Company

Domino’s Pizza (NASDAQ:DPZ) had its target price hoisted by Wells Fargo & Company from $325.00 to $350.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

DPZ has been the subject of several other research reports. KeyCorp reissued a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday. DA Davidson decreased their target price on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group dropped their price target on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Finally, HSBC cut their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $402.16.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $326.34 on Tuesday. The firm has a fifty day moving average price of $309.57 and a 200 day moving average price of $357.03. Domino’s Pizza has a fifty-two week low of $282.00 and a fifty-two week high of $486.68. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.62 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 18.89 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s payout ratio is 45.83%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 1,950 shares of company stock valued at $611,451 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently made changes to their positions in the company. Jump Financial LLC bought a new stake in Domino’s Pizza in the second quarter worth about $3,183,000. Investment Management Corp of Ontario grew its stake in shares of Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. grew its stake in shares of Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares during the last quarter. Glenview Trust co raised its holdings in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after buying an additional 306 shares during the period. Finally, HUB Investment Partners LLC raised its holdings in shares of Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza News Summary

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s beat revenue estimates in Q2, with sales up 4.3% year over year, and management highlighted stronger order volume across delivery and carryout. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Positive Sentiment: Analysts responded with several price-target updates, including Wells Fargo raising its target to $350 and BTIG reaffirming a Buy rating with a $425 target, suggesting some confidence in the longer-term setup. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Free cash flow and cash flow margins were described as strong, which is helping the stock appeal to value-oriented investors after the post-earnings reaction. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.