The Goldman Sachs Group Begins Coverage on Domino’s Pizza (NYSE:DPZ)

The Goldman Sachs Group started coverage on shares of Domino’s Pizza (NYSE:DPZ) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $612.00 target price on the restaurant operator’s stock.

Several other equities analysts have also commented on the stock. Wedbush reiterated an outperform rating and issued a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, June 10th. Royal Bank of Canada increased their price target on shares of Domino’s Pizza from $525.00 to $575.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. Jefferies Financial Group raised their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. HSBC raised their target price on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Finally, TD Cowen restated a buy rating and set a $550.00 target price on shares of Domino’s Pizza in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $525.66.

Domino’s Pizza Stock Performance

DPZ stock opened at $521.41 on Thursday. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.61 and a beta of 0.85. Domino’s Pizza has a fifty-two week low of $313.87 and a fifty-two week high of $542.75. The company’s 50 day moving average price is $508.40 and its 200 day moving average price is $456.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. Equities analysts forecast that Domino’s Pizza will post 16 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,633 shares of company stock worth $6,649,181. 0.76% of the stock is owned by corporate insiders.

Institutional Trading of Domino’s Pizza

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Coatue Management LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $322,859,000. Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $208,604,000. International Assets Investment Management LLC lifted its stake in shares of 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Hedge funds and other institutional investors 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.