Domino’s Pizza (NYSE:DPZ) Earns Outperform Rating from Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note released on Friday, Benzinga reports. They currently have a $580.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also commented on DPZ. Evercore ISI boosted their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Wedbush reiterated an outperform rating and set a $575.00 price objective on shares of Domino’s Pizza in a research note on Monday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Domino’s Pizza from $555.00 to $580.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Robert W. Baird upgraded Domino’s Pizza from a neutral rating to an outperform rating and boosted their price objective for the stock from $530.00 to $580.00 in a research note on Monday, July 8th. Finally, Morgan Stanley boosted their price objective on Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $535.29.

Domino’s Pizza Stock Up 3.9 %

Shares of Domino’s Pizza stock opened at $491.48 on Friday. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75. The business has a 50-day moving average price of $512.68 and a 200 day moving average price of $472.52. The firm has a market cap of $17.14 billion, a PE ratio of 32.08, a P/E/G ratio of 2.42 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly 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 negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $2.93 EPS. Domino’s Pizza’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza will post 16.02 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insiders Place Their Bets

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s 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 sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

Large investors have recently modified their holdings of the stock. Coatue Management LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at $322,859,000. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at $208,604,000. International Assets Investment Management LLC increased its holdings 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 valued at $205,883,000 after buying an additional 498,170 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after buying an additional 230,090 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after buying an additional 222,949 shares during 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.