Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Target Price at $398.06

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have earned a consensus rating of “Hold” from the thirty-one analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $398.0645.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, July 9th. TD Cowen raised their price target on Domino’s Pizza from $310.00 to $320.00 and gave the stock a “hold” rating in a report on Thursday. BMO Capital Markets reduced their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada upped their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st.

Insider Activity

In other Domino’s Pizza news, EVP Kelly Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Russell Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,767 shares of company stock valued at $7,737,107. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC grew its position in shares of Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 33 shares during the period. Andina Capital Management LLC raised its holdings in shares of Domino’s Pizza by 3.1% in the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after purchasing an additional 33 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. Unified Investment Management lifted its stake in Domino’s Pizza by 5.5% in the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 39 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Domino’s Pizza by 4.2% in the fourth quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock valued at $449,000 after purchasing an additional 43 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $311.60 on Friday. The company has a market cap of $10.31 billion, a PE ratio of 17.67, a P/E/G ratio of 1.44 and a beta of 0.94. The company has a fifty day moving average price of $336.15 and a two-hundred day moving average price of $341.87. Domino’s Pizza has a 12 month low of $282.00 and a 12 month high of $458.27.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion for the quarter. During the same quarter last year, the business earned $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza will post 18.88 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. Investors of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.