Domino's Pizza, Inc. (NASDAQ:DPZ) Receives $498.50 Consensus Price Target from Analysts

Shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-six brokerages that are covering the company, Marketbeat Ratings reports. One investment 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 company. The average twelve-month price target among analysts that have covered the stock in the last year is $498.50.

Several research analysts recently weighed in on DPZ shares. BMO Capital Markets boosted their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. TD Cowen reissued a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Barclays decreased their price target on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Benchmark raised their target price on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Bank of America upped their target price on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th.

Domino's Pizza Stock Performance

Shares of DPZ traded down $8.59 during mid-day trading on Friday, hitting $474.52. 592,263 shares of the company's stock were exchanged, compared to its average volume of 626,552. The stock's 50-day moving average is $472.94 and its 200-day moving average is $457.42. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.47 and a beta of 1.15.

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

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. Domino's Pizza's payout ratio is presently 39.91%.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares of the company's stock, valued at $4,046,848.08. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last three months. Company insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC boosted its stake in Domino's Pizza by 3.2% in the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after acquiring an additional 21 shares in the last quarter. AGP Franklin LLC increased its stake in shares of Domino's Pizza by 0.4% during the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock worth $2,403,000 after purchasing an additional 21 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Domino's Pizza by 0.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator's stock worth $1,912,000 after purchasing an additional 21 shares in the last quarter. Compound Planning Inc. grew its stake in Domino's Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock valued at $258,000 after acquiring an additional 22 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in Domino's Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock valued at $724,000 after purchasing an additional 23 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.