Brokerages Set Domino’s Pizza, Inc. (NYSE:DPZ) Target Price at $495.76

Domino’s Pizza, Inc. (NYSE:DPZ) has been given an average recommendation of “Moderate Buy” by the thirty ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $495.76.

Several equities research analysts have weighed in on the stock. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $419.00 to $559.00 in a research report on Friday, November 8th. TD Cowen raised their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Guggenheim lowered their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Morgan Stanley cut their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Citigroup reduced their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th.

Domino’s Pizza Trading Down 0.7 %

DPZ opened at $429.62 on Wednesday. The stock has a market capitalization of $14.84 billion, a P/E ratio of 26.39, a PEG ratio of 2.47 and a beta of 0.88. Domino’s Pizza has a 12-month low of $395.08 and a 12-month high of $542.75. The stock has a 50-day moving average price of $442.28 and a 200-day moving average price of $445.28.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $4.18 EPS. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza will post 16.82 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.10%.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently made changes to their positions in DPZ. True Wealth Design LLC increased its stake in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $43,000. Blue Trust Inc. boosted its stake in shares of Domino’s Pizza by 100.0% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 34 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.