Domino’s Pizza (NASDAQ:DPZ) Price Target Raised to $350.00

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

A number of other equities analysts have also recently issued reports on the stock. DA Davidson cut their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citigroup lowered their target price on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. 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. Northcoast Research reduced their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group decreased their price objective on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.16.

Domino’s Pizza Trading Up 1.1%

Shares of DPZ opened at $323.25 on Tuesday. The stock’s 50 day moving average is $310.18 and its two-hundred day moving average is $355.63. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $486.68. The firm has a market capitalization of $10.69 billion, a PE ratio of 18.34, a P/E/G ratio of 1.55 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion during the quarter. During the same period last year, the business earned $3.81 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts predict that Domino’s Pizza will post 18.87 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s payout ratio is 45.15%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,950 shares of company stock valued at $611,451 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of Domino’s Pizza by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after acquiring an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. grew its stake in Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Domino’s Pizza by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after purchasing an additional 6,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Domino’s Pizza by 18.0% in the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after purchasing an additional 5,282 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Key Headlines Impacting Domino’s Pizza

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

• Positive Sentiment: Domino’s shares are being supported by its latest quarter, with revenue coming in above estimates and helping reinforce the view that the business is holding up better than some investors expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Several analysts remained constructive, including BTIG’s Buy rating and Wells Fargo’s higher price target of $350, which can help sentiment around the stock. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: Coverage suggesting Domino’s may be undervalued after stronger-than-expected Q2 revenue could attract value-oriented investors. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: Analyst sentiment remains broadly favorable overall, with Domino’s receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: There is some offsetting caution from Oppenheimer’s pessimistic forecast and BMO’s lower price target of $420, which may temper enthusiasm but do not appear to outweigh the positive revenue narrative. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00
• Negative Sentiment: Investor attention may also be slightly dampened by CEO Russell Weiner’s sale of 10,850 shares, a move some traders interpret as a mild confidence signal risk. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

Domino’s Pizza Company Profile

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.