Citigroup Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $530.00

Domino’s Pizza (NYSE:DPZ) had its price objective raised by Citigroup from $505.00 to $530.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler increased their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a neutral rating in a report on Tuesday, February 27th. Stephens reissued an equal weight rating and set a $479.00 price target on shares of Domino’s Pizza in a research note on Monday. Argus raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price objective for the company in a research note on Tuesday, February 27th. Barclays upped their price objective on Domino’s Pizza from $405.00 to $470.00 and gave the stock an underweight rating in a report on Tuesday. Finally, Morgan Stanley raised their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $516.19.

Domino’s Pizza Trading Down 0.7 %

Domino’s Pizza stock opened at $512.70 on Tuesday. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.58 and a beta of 0.83. The stock has a 50 day moving average of $473.37 and a two-hundred day moving average of $422.67. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza will post 16 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was 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 directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The stock was 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 document filed with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,401 shares of company stock worth $6,995,948. 0.76% of the stock is owned by company insiders.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Coatue Management LLC bought a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $322,859,000. Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth approximately $208,604,000. International Assets Investment Management LLC lifted its position in Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after purchasing an additional 498,170 shares during the period. TD Asset Management Inc boosted its stake in Domino’s Pizza by 66.8% during the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares in the last quarter. Finally, FMR LLC increased its position in shares of Domino’s Pizza by 16.0% during the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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.