Domino’s Pizza (NYSE:DPZ) Price Target Raised to $575.00

Domino’s Pizza (NYSE:DPZ) had its price target lifted by Benchmark from $510.00 to $575.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on DPZ. Piper Sandler upped their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. Jefferies Financial Group increased their price objective on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a hold rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. reiterated a neutral rating and set a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. Morgan Stanley increased their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research report on Friday, April 12th. Finally, Sanford C. Bernstein upgraded shares of Domino’s Pizza from an underperform rating to a market perform rating and raised their target price for the stock from $330.00 to $370.00 in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of Moderate Buy and an average price target of $516.19.

Domino’s Pizza Price Performance

Domino’s Pizza stock traded up $1.63 during midday trading on Tuesday, reaching $514.33. 580,625 shares of the company traded hands, compared to its average volume of 595,011. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $542.75. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83. The business has a 50 day moving average of $475.07 and a two-hundred day moving average of $423.29.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.93 earnings per share. As a group, equities analysts forecast that Domino’s Pizza will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly 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. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV lifted its position in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Domino’s Pizza in the third quarter valued at about $39,000. Quadrant Capital Group LLC lifted its position in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Domino’s Pizza in the third quarter valued at about $49,000. Institutional investors and hedge funds 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.