Domino's Pizza (NASDAQ:DPZ) Stock Price Expected to Rise, Bank of America Analyst Says

Domino's Pizza (NASDAQ:DPZ - Free Report) had its target price increased by Bank of America from $520.00 to $549.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the restaurant operator's stock.

DPZ has been the topic of a number of other research reports. Wells Fargo & Company boosted their price target on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Guggenheim upped their price target on shares of Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. BMO Capital Markets upped their target price on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $498.50.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $3.22 during mid-day trading on Tuesday, hitting $484.61. 594,853 shares of the stock traded hands, compared to its average volume of 621,956. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $538.44. The stock has a market cap of $16.59 billion, a P/E ratio of 29.77, a P/E/G ratio of 2.47 and a beta of 1.15. The stock's fifty day moving average is $464.71 and its two-hundred day moving average is $450.36.

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 (EPS) for the quarter, topping the consensus estimate 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. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.58 earnings per share. As a group, equities analysts forecast that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

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

Insider Activity

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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 of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $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 worth $3,946,461 in the last quarter. Corporate insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

Large investors have recently bought and sold shares of the business. KG&L Capital Management LLC grew its position in shares of Domino's Pizza by 1.4% in the fourth 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 in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Domino's Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after buying an additional 23 shares during the last quarter. Allworth Financial LP grew its holdings in Domino's Pizza by 16.0% in the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after buying an additional 24 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in shares of Domino's Pizza by 4.4% in the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after acquiring an additional 25 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Domino's Pizza by 1.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock worth $1,094,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

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.