Domino’s Pizza (NYSE:DPZ) PT Raised to $505.00

Domino’s Pizza (NYSE:DPZ) had its target price upped by Citigroup from $458.00 to $505.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other equities analysts have also commented on DPZ. Gordon Haskett raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target on the stock in a research report on Tuesday, January 16th. HSBC started coverage on shares of Domino’s Pizza in a research report on Wednesday, December 20th. They issued a buy rating and a $466.00 price target on the stock. Oppenheimer reissued an outperform rating and issued a $470.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 22nd. Argus raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $530.00 price target on the stock in a research report on Tuesday, February 27th. Finally, BMO Capital Markets boosted their target price on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of Moderate Buy and a consensus target price of $455.76.

Domino’s Pizza Stock Down 1.8 %

NYSE DPZ opened at $495.31 on Thursday. The stock has a market capitalization of $17.25 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The company has a 50 day moving average price of $454.85 and a two-hundred day moving average price of $411.00. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Domino’s Pizza will post 15.78 EPS for the current year.

Domino’s Pizza Increases Dividend

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

Insider Activity

In other news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction dated 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 owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in 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 worth $1,982,000 after buying an additional 302 shares in the last quarter. Cibc World Market Inc. lifted its position in 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 worth $2,565,000 after buying an additional 838 shares in the last quarter. Sei Investments Co. lifted its position in Domino’s Pizza by 2.3% during the 1st quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock worth $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% during 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 in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Domino’s Pizza by 1,387.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock worth $733,000 after purchasing an additional 1,679 shares during the last quarter. Institutional investors and hedge funds 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.