Domino’s Pizza (NYSE:DPZ) Sets New 12-Month High at $535.00

Domino’s Pizza, Inc. (NYSE:DPZ)’s share price reached a new 52-week high on Monday . The stock traded as high as $535.00 and last traded at $535.00, with a volume of 25181 shares changing hands. The stock had previously closed at $499.07.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DPZ shares. BMO Capital Markets lifted their price objective on Domino’s Pizza from $475.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Evercore ISI lifted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Jefferies Financial Group lifted their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Finally, Stifel Nicolaus lifted their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $469.67.

Domino’s Pizza Trading Up 4.6 %

The company has a market capitalization of $18.18 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The stock’s 50-day moving average is $467.11 and its two-hundred day moving average is $419.48.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $4.43 EPS. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.16%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.17%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc acquired a new stake in shares of Domino’s Pizza during the first quarter worth $745,000. Narwhal Capital Management lifted its position in Domino’s Pizza by 351.4% during the first quarter. Narwhal Capital Management now owns 6,513 shares of the restaurant operator’s stock valued at $3,236,000 after purchasing an additional 5,070 shares during the period. KG&L Capital Management LLC lifted its position in Domino’s Pizza by 31.6% during the first quarter. KG&L Capital Management LLC now owns 1,179 shares of the restaurant operator’s stock valued at $586,000 after purchasing an additional 283 shares during the period. One Day In July LLC acquired a new position in Domino’s Pizza during the first quarter valued at $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Domino’s Pizza by 22.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,933 shares of the restaurant operator’s stock valued at $9,407,000 after purchasing an additional 3,420 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

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.