Domino's Pizza Inc (NASDAQ:DPZ) Stock Has Average Price Target of $392.58 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Domino’s Pizza, with 16 buys, 14 holds and one sell among 31 brokerages. The average 12-month price target is $392.58.
• DPZ opened at $297.27, well below its $442.35 12-month high, after the company reported quarterly EPS of $4.07—below the $4.17 analyst estimate—while revenue rose 4.3% year over year to $1.19 billion.
• Domino’s paid a quarterly dividend of $1.99 per share, equivalent to a $7.96 annualized payout and a 2.7% yield. Insiders sold $7.7 million of stock over the past 90 days, while institutional investors own 94.63% of shares.

Shares of Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) have been assigned a consensus rating of "Hold" from the thirty-one brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $392.58.

A number of brokerages have recently issued reports on DPZ. TD Cowen upped their price target on Domino's Pizza from $310.00 to $320.00 and gave the company a "hold" rating in a report on Thursday, September 10th. Weiss Ratings reissued a "hold (c-)" rating on shares of Domino's Pizza in a research report on Wednesday, August 26th. Evercore restated an "outperform" rating on shares of Domino's Pizza in a research note on Thursday, July 9th. Sanford C. Bernstein restated a "market perform" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Finally, BTIG Research reaffirmed a "buy" rating and set a $425.00 price target on shares of Domino's Pizza in a report on Tuesday, July 21st.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, EVP Kelly Garcia sold 12,430 shares of Domino's Pizza stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company's stock, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of the business's stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 23,767 shares of company stock worth $7,737,107 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino's Pizza

Large investors have recently modified their holdings of the company. Berkshire Hathaway Inc lifted its holdings in Domino's Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the period. Soroban Capital Partners LP bought a new stake in shares of Domino's Pizza during the 1st quarter valued at about $895,251,000. BlackRock Inc. bought a new stake in shares of Domino's Pizza during the 2nd quarter valued at about $715,704,000. T. Rowe Price Investment Management Inc. increased its position in shares of Domino's Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after purchasing an additional 7,497 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Domino's Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 0.1%

DPZ stock opened at $297.27 on Tuesday. The stock has a market capitalization of $9.83 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Domino's Pizza has a 12-month low of $282.00 and a 12-month high of $442.35. The stock's 50 day simple moving average is $330.28 and its 200 day simple moving average is $330.20.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same period last year, the firm posted $3.81 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts predict that Domino's Pizza will post 18.95 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $1.99 per share. The ex-dividend date was Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino's Pizza's dividend payout ratio is 45.15%.

About Domino's Pizza

Domino's Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino's began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino's serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

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