Domino's Pizza (NYSE:DPZ) Reaches New 12-Month High at $535.00

Domino's Pizza, Inc. (NYSE:DPZ - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $535.00 and last traded at $535.00, with a volume of 25181 shares traded. The stock had previously closed at $499.07.

Analysts Set New Price Targets

Several research analysts have issued reports on DPZ shares. Jefferies Financial Group raised their price objective on shares of Domino's Pizza from $455.00 to $480.00 and gave the stock a "hold" rating in a research report on Tuesday, April 16th. Argus raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and set a $530.00 target price on the stock in a report on Tuesday, February 27th. Citigroup lifted their target price on shares of Domino's Pizza from $458.00 to $505.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Sanford C. Bernstein raised shares of Domino's Pizza from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. Finally, Barclays lifted their target price on shares of Domino's Pizza from $346.00 to $405.00 and gave the company an "underweight" rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $469.67.

Domino's Pizza Price Performance

The company has a market cap of $18.36 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.61 and a beta of 0.86. The business's 50-day simple moving average is $467.11 and its 200-day simple moving average is $419.48.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts' consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino's Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.43 earnings per share. As a group, sell-side analysts forecast that Domino's Pizza, Inc. will post 15.72 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.21. Domino's Pizza's payout ratio is currently 41.17%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Cynthia A. Headen sold 108 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Domino's Pizza

Several institutional investors have recently bought and sold shares of the business. Capital Investment Advisors LLC grew its stake in Domino's Pizza by 1.1% during the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator's stock worth $917,000 after buying an additional 25 shares during the period. Wealthsource Partners LLC grew its stake in Domino's Pizza by 2.0% during the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator's stock worth $529,000 after buying an additional 25 shares during the period. Summit Trail Advisors LLC grew its stake in Domino's Pizza by 4.8% during the first quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator's stock worth $269,000 after buying an additional 25 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in Domino's Pizza by 2.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator's stock worth $385,000 after buying an additional 26 shares during the period. Finally, Czech National Bank grew its stake in Domino's Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator's stock worth $3,049,000 after buying an additional 27 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino's Pizza

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.