Domino’s Pizza (NYSE:DPZ) Lifted to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Domino’s Pizza (NYSE:DPZFree Report) from a neutral rating to an outperform rating in a report issued on Monday, MarketBeat reports. Robert W. Baird currently has $580.00 price target on the restaurant operator’s stock, up from their prior price target of $530.00.

A number of other research firms have also recently commented on DPZ. TD Cowen lifted their target price on Domino’s Pizza from $580.00 to $610.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Barclays lifted their target price on Domino’s Pizza from $405.00 to $470.00 and gave the stock an underweight rating in a research report on Tuesday, April 30th. Wedbush reiterated an outperform rating and set a $575.00 target price on shares of Domino’s Pizza in a research report on Monday, June 10th. Jefferies Financial Group lifted their target price on Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Finally, UBS Group raised their price target on Domino’s Pizza from $526.00 to $570.00 and gave the stock a buy rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $531.66.

View Our Latest Analysis on Domino’s Pizza

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $477.81 on Monday. Domino’s Pizza has a 1-year low of $330.05 and a 1-year high of $542.75. The stock has a market cap of $16.67 billion, a PE ratio of 31.19, a P/E/G ratio of 2.47 and a beta of 0.87. The stock’s fifty day moving average is $513.93 and its two-hundred day moving average is $471.11.

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

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.51 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.26%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction on 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 of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Domino’s Pizza by 47.6% during the second quarter. CWM LLC now owns 1,758 shares of the restaurant operator’s stock worth $907,000 after acquiring an additional 567 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Domino’s Pizza by 33.7% during the 2nd quarter. Park Avenue Securities LLC now owns 1,102 shares of the restaurant operator’s stock worth $569,000 after purchasing an additional 278 shares during the period. Harbor Capital Advisors Inc. increased its position in Domino’s Pizza by 292.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,877 shares of the restaurant operator’s stock worth $969,000 after purchasing an additional 1,399 shares in the last quarter. Fulton Bank N.A. purchased a new position in Domino’s Pizza in the second quarter valued at approximately $282,000. Finally, Mather Group LLC. lifted its position in Domino’s Pizza by 6.2% during the second quarter. Mather Group LLC. now owns 647 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 38 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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