Brokerages Set Domino’s Pizza, Inc. (NYSE:DPZ) Target Price at $441.79

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $441.79.

DPZ has been the topic of a number of recent research reports. Piper Sandler increased their target price on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. UBS Group boosted their target price on Domino’s Pizza from $480.00 to $526.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley increased their price target on Domino’s Pizza from $465.00 to $485.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Stephens raised their price objective on shares of Domino’s Pizza from $365.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, December 8th. Finally, Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a report on Tuesday, January 16th.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Domino’s Pizza by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock valued at $1,982,000 after buying an additional 302 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Domino’s Pizza by 15.3% during the 1st quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock valued at $2,565,000 after purchasing an additional 838 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Domino’s Pizza by 2.3% during the 1st quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock valued at $6,034,000 after buying an additional 339 shares in the last quarter. Aviva PLC lifted its position in Domino’s Pizza by 35.3% in the 1st quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock worth $7,033,000 after buying an additional 4,505 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Domino’s Pizza by 1,387.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock valued at $733,000 after purchasing an additional 1,679 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Up 1.0 %

Shares of DPZ opened at $496.88 on Monday. The company’s fifty day simple moving average is $440.49 and its 200 day simple moving average is $402.87. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.49 and a beta of 0.85. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $497.14.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.43 EPS. As a group, research analysts forecast that Domino’s Pizza will post 15.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $1.51 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.04 annualized dividend and a yield of 1.22%. Domino’s Pizza’s dividend payout ratio is presently 41.17%.

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.