Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $535.00 at Benchmark

Domino's Pizza (NASDAQ:DPZ - Free Report) had its price objective hoisted by Benchmark from $520.00 to $535.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

Other equities analysts have also issued research reports about the stock. Guggenheim boosted their price objective on shares of Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup dropped their price target on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Trading Up 0.7 %

Shares of DPZ traded up $3.22 during midday trading on Tuesday, reaching $484.61. 594,853 shares of the company were exchanged, compared to its average volume of 621,956. Domino's Pizza has a 1-year low of $396.06 and a 1-year high of $538.44. The stock has a 50-day moving average price of $464.71 and a 200-day moving average price of $450.36. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.58 EPS. Equities research analysts anticipate that Domino's Pizza will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last quarter. Corporate insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Domino's Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock worth $716,681,000 after purchasing an additional 23,681 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Domino's Pizza by 11.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator's stock valued at $1,227,000 after acquiring an additional 295 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Domino's Pizza by 737.1% in the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator's stock worth $24,708,000 after acquiring an additional 50,579 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Domino's Pizza by 42.8% in the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock worth $11,571,000 after acquiring an additional 8,103 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Domino's Pizza during the third quarter worth $1,649,000. 94.63% of the stock is currently owned by 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.