Domino’s Pizza (NYSE:DPZ) Given New $570.00 Price Target at UBS Group

Domino’s Pizza (NYSE:DPZ) had its target price raised by UBS Group from $526.00 to $570.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Argus raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 target price for the company in a research report on Tuesday, February 27th. Evercore ISI boosted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research report on Monday, April 8th. BMO Capital Markets boosted their target price on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. HSBC began coverage on shares of Domino’s Pizza in a research note on Wednesday, December 20th. They set a buy rating and a $466.00 price objective on the stock. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a $430.00 price target (up previously from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $460.90.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $473.55 on Tuesday. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $508.44. The firm has a market capitalization of $16.49 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.52 and a beta of 0.86. The company’s fifty day moving average price is $460.83 and its two-hundred day moving average price is $414.11.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $4.43 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza will post 15.72 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio is 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $25,000. Creative Financial Designs Inc. ADV lifted its position in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares in the last quarter. KB Financial Partners LLC purchased a new stake in Domino’s Pizza in the 1st quarter worth approximately $32,000. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza in the 3rd quarter worth approximately $39,000. Finally, Quadrant Capital Group LLC lifted its position in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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.