Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) PT at $490.78

Domino’s Pizza Inc (NASDAQ:DPZ) has received a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $490.0370.

DPZ has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Citigroup cut their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday. Sanford C. Bernstein boosted their target price on shares of Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Barclays boosted their target price on shares of Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Finally, Melius assumed coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 price target for the company.

Domino’s Pizza Stock Down 0.6%

Shares of DPZ stock opened at $431.71 on Friday. The company has a 50 day moving average price of $451.28 and a 200-day moving average price of $461.32. Domino’s Pizza has a 52 week low of $397.12 and a 52 week high of $500.55. The firm has a market capitalization of $14.66 billion, a PE ratio of 25.07, a P/E/G ratio of 2.38 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $4.03 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.74 per share. The ex-dividend date was Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. Domino’s Pizza’s dividend payout ratio is currently 40.42%.

Insider Buying and Selling at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wood Tarver Financial Group LLC bought a new position in shares of Domino’s Pizza during the fourth quarter worth $25,000. Alpine Bank Wealth Management purchased a new stake in Domino’s Pizza during the first quarter valued at $25,000. RMG Wealth Management LLC purchased a new stake in Domino’s Pizza during the second quarter valued at $25,000. LRI Investments LLC purchased a new stake in Domino’s Pizza during the first quarter valued at $27,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza during the first quarter valued at $27,000. Institutional investors own 94.63% of the company’s stock.

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.