Morgan Stanley Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $515.00

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by Morgan Stanley from $485.00 to $515.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

DPZ has been the topic of several other reports. BMO Capital Markets lifted their price objective on Domino’s Pizza from $475.00 to $535.00 and gave the company an outperform rating in a research report on Tuesday, February 27th. HSBC assumed coverage on shares of Domino’s Pizza in a report on Wednesday, December 20th. They set a buy rating and a $466.00 target price for the company. JPMorgan Chase & Co. restated a neutral rating and issued a $430.00 price objective (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Sanford C. Bernstein upgraded shares of Domino’s Pizza from an underperform rating to a market perform rating and boosted their price objective for the stock from $330.00 to $370.00 in a report on Tuesday, January 9th. Finally, Citigroup boosted their price objective on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $455.76.

Domino’s Pizza Trading Down 1.8 %

DPZ opened at $495.31 on Friday. The company has a market cap of $17.25 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.50 and a beta of 0.86. The business’s 50-day moving average price is $454.85 and its 200-day moving average price is $411.00. 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 posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. Domino’s Pizza’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $4.43 earnings per share. Equities research analysts forecast that Domino’s Pizza will post 15.78 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $1.51 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Insiders Place Their Bets

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly 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. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently modified their holdings of DPZ. Norges Bank acquired a new position in Domino’s Pizza in the 4th quarter valued at about $369,800,000. Coatue Management LLC acquired a new position in Domino’s Pizza in the 4th quarter valued at about $322,859,000. International Assets Investment Management LLC boosted its holdings in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Domino’s Pizza by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after purchasing an additional 306,750 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Domino’s Pizza by 231.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 378,034 shares of the restaurant operator’s stock valued at $127,394,000 after purchasing an additional 263,944 shares during the last quarter. 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.