Brokerages Set Domino’s Pizza, Inc. (NYSE:DPZ) Target Price at $460.90

Domino’s Pizza, Inc. (NYSE:DPZ) has earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $460.90.

Several equities research analysts have issued reports on DPZ shares. Piper Sandler lifted their price target on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Oppenheimer reiterated an “outperform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Stephens reiterated an “equal weight” rating and issued a $479.00 price target on shares of Domino’s Pizza in a research note on Friday, April 12th. Finally, Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a research note on Tuesday, February 27th.

Domino’s Pizza Stock Down 1.7 %

Shares of NYSE:DPZ opened at $473.55 on Friday. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $508.44. The company’s fifty day simple moving average is $460.83 and its 200 day simple moving average is $414.77. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.47 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $4.43 EPS. The company’s revenue was up .8% compared to the same quarter last year. Research analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed 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 yield of 1.28%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s payout ratio is currently 41.17%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were 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 in the company, valued at $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its holdings in shares of Domino’s Pizza by 1.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock worth $917,000 after acquiring an additional 25 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in shares of Domino’s Pizza by 2.0% during the 4th quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Domino’s Pizza by 2.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 26 shares during the last quarter. Czech National Bank increased its holdings in Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares in the last quarter. Finally, Insight Folios Inc raised its position in Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

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.