Domino’s Pizza (NYSE:DPZ) Stock Price Expected to Rise, TD Cowen Analyst Says

Domino’s Pizza (NYSE:DPZ) had its target price boosted by TD Cowen from $475.00 to $515.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on the company. Stephens lowered their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Robert W. Baird dropped their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Finally, Evercore ISI cut their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $469.20 on Monday. The stock’s 50 day moving average is $428.20 and its 200 day moving average is $454.75. Domino’s Pizza has a one year low of $370.17 and a one year high of $542.75. The firm has a market cap of $16.20 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.44 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $4.18 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.29%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at approximately $549,399,000. International Assets Investment Management LLC grew its holdings in Domino’s Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the period. FMR LLC increased its position in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza in the third quarter valued at $99,352,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Institutional investors 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.