Brokerages Set Domino's Pizza Inc (NASDAQ:DPZ) Price Target at $490.78

Key Points

• Analysts have given Domino's Pizza Inc a consensus rating of "Moderate Buy", with fourteen buy ratings and a 1-year price target averaging $490.78.
• Insider trading activity includes Director James A. Goldman selling 1,000 shares at an average price of $451.49, reducing his ownership by 22.81%.
• Domino's Pizza plans to pay a quarterly dividend of $1.74 per share, contributing to an annualized yield of 1.5% for shareholders of record.

Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $490.7778.

A number of research analysts recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Sanford C. Bernstein raised their price objective on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a report on Tuesday, July 22nd. Loop Capital raised their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Guggenheim raised their price objective on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $8.11 on Monday, reaching $458.49. 208,170 shares of the stock were exchanged, compared to its average volume of 644,081. The firm's 50 day moving average is $458.64 and its 200-day moving average is $464.35. Domino's Pizza has a one year low of $396.06 and a one year high of $500.55. The firm has a market cap of $15.57 billion, a PE ratio of 26.63, a P/E/G ratio of 2.51 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business's revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $4.03 EPS. On average, equities research analysts expect that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.5%. Domino's Pizza's dividend payout ratio is presently 40.42%.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino's Pizza

A number of hedge funds have recently added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza in the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in Domino's Pizza in the first quarter worth approximately $25,000. RMG Wealth Management LLC bought a new position in Domino's Pizza in the second quarter worth approximately $25,000. LRI Investments LLC bought a new position in Domino's Pizza in the first quarter worth approximately $27,000. Finally, Zions Bancorporation National Association UT bought a new position in Domino's Pizza in the first quarter worth approximately $27,000. 94.63% of the stock is currently owned by 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.