Domino's Pizza (NASDAQ:DPZ) Price Target Raised to $564.00 at Loop Capital

Domino's Pizza (NASDAQ:DPZ - Free Report) had its price objective increased by Loop Capital from $555.00 to $564.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the restaurant operator's stock.

Several other analysts also recently commented on DPZ. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 1st. Guggenheim increased their price target 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. Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Citigroup lowered their price target on shares of Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Price Performance

Domino's Pizza stock traded down $8.98 during mid-day trading on Tuesday, reaching $481.39. 499,131 shares of the company traded hands, compared to its average volume of 621,297. The firm's fifty day moving average is $464.42 and its two-hundred day moving average is $449.81. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 EPS. As a group, equities research analysts predict that Domino's Pizza will post 16.74 earnings per share 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. 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 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Insider Activity

In related news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % 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, EVP Kelly E. Garcia sold 2,104 shares of the company's 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 owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. 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. Insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in Domino's Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock valued at $4,643,000 after acquiring an additional 8,136 shares during the last quarter. Empowered Funds LLC lifted its holdings in Domino's Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Alta Capital Management LLC lifted its holdings in Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after acquiring an additional 1,214 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Domino's Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Domino's Pizza in the fourth quarter valued at approximately $282,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.