Domino’s Pizza, Inc. (NASDAQ:DPZ) Receives $503.41 Average Target Price from Brokerages

Domino’s Pizza, Inc. (NASDAQ:DPZ) has been given an average recommendation of “Moderate Buy” by the twenty-eight ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $503.41.

Several equities analysts have recently weighed in on DPZ shares. Citigroup increased their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. Stephens reissued an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a report on Monday, March 3rd. Benchmark reissued a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, BMO Capital Markets upped their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock valued at $3,762,052 in the last 90 days. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $549,399,000. Norges Bank bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $250,571,000. FMR LLC lifted its holdings in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $99,352,000. Finally, Invesco Ltd. lifted its holdings in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after acquiring an additional 191,752 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.7 %

DPZ stock opened at $425.58 on Monday. The stock has a market capitalization of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 12-month low of $396.06 and a 12-month high of $542.75. The stock’s 50 day simple moving average is $450.39 and its 200 day simple moving average is $438.21.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.48 earnings per share. On average, research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

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.