Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $418.13

Domino’s Pizza Inc (NASDAQ:DPZ) has earned an average rating of “Moderate Buy” from the thirty brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $418.1290.

DPZ has been the topic of a number of recent research reports. UBS Group dropped their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. DA Davidson lowered their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Argus raised Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. BMO Capital Markets reduced their price target on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Finally, Evercore decreased their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $316.37 on Wednesday. The business has a 50-day moving average of $337.58 and a 200 day moving average of $381.23. Domino’s Pizza has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The firm has a market cap of $10.52 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.33 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Huntleigh Advisors Inc. increased its holdings in shares of Domino’s Pizza by 5.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 25 shares during the period. Lafayette Investments Inc. grew its position in Domino’s Pizza by 2.8% during the third quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC increased its stake in Domino’s Pizza by 2.9% in the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Domino’s Pizza by 1.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after acquiring an additional 28 shares in the last quarter. Finally, Colonial Trust Co SC boosted its position in shares of Domino’s Pizza by 5.3% during the 3rd quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock valued at $242,000 after acquiring an additional 28 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.