Brokerages Set Domino’s Pizza, Inc. (NYSE:DPZ) Price Target at $460.90

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $460.90.

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Piper Sandler upped their price target on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Stephens restated an “equal weight” rating and set a $479.00 target price on shares of Domino’s Pizza in a research note on Friday, April 12th. Barclays raised their price target on Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. Finally, Sanford C. Bernstein upgraded shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $330.00 to $370.00 in a report on Tuesday, January 9th.

Domino’s Pizza Trading Up 1.4 %

NYSE DPZ opened at $494.76 on Friday. The stock has a market cap of $17.23 billion, a PE ratio of 33.73, a PEG ratio of 2.51 and a beta of 0.86. The company’s 50-day moving average price is $465.57 and its 200-day moving average price is $417.55. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $4.43 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.22%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is 41.17%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction 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 transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated 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 transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tritonpoint Wealth LLC acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $1,980,000. Nisa Investment Advisors LLC boosted its holdings in Domino’s Pizza by 353.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after buying an additional 3,189 shares during the last quarter. International Assets Investment Management LLC increased its stake in Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after buying an additional 498,170 shares in the last quarter. Deutsche Bank AG increased its stake in Domino’s Pizza by 41.2% during the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after buying an additional 32,797 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $269,000. Hedge funds and other 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.