TD Securities reiterated their buy rating on shares of Domino's Pizza (NYSE:DPZ - Free Report) in a report released on Thursday morning, Benzinga reports. They currently have a $580.00 price objective on the restaurant operator's stock.
DPZ has been the subject of several other reports. BMO Capital Markets lifted their price objective on Domino's Pizza from $535.00 to $575.00 and gave the company an outperform rating in a report on Tuesday, April 30th. Oppenheimer increased their price objective on shares of Domino's Pizza from $530.00 to $580.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. Piper Sandler upped their target price on Domino's Pizza from $400.00 to $435.00 and gave the stock a neutral rating in a report on Tuesday, February 27th. Evercore ISI upped their price objective on Domino's Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, BTIG Research lifted their target price on Domino's Pizza from $515.00 to $580.00 and gave the company a buy rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $518.46.
View Our Latest Stock Analysis on Domino's Pizza
Domino's Pizza Trading Down 0.9 %
Shares of DPZ traded down $4.55 during trading hours on Thursday, reaching $513.13. 389,967 shares of the company traded hands, compared to its average volume of 576,010. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.55 and a beta of 0.83. Domino's Pizza has a 12-month low of $285.84 and a 12-month high of $542.75. The stock's fifty day moving average price is $488.74 and its 200 day moving average price is $434.97.
Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino's Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $2.93 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Domino's Pizza will post 16 earnings per share for the current year.
Domino's Pizza Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, June 14th. Domino's Pizza's payout ratio is currently 39.43%.
Insider Transactions at Domino's Pizza
In related news, EVP Cynthia A. Headen sold 768 shares of the business'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 completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of Domino's Pizza stock in a transaction 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 owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company's stock, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last three months. 0.76% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Domino's Pizza
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coatue Management LLC acquired a new position in Domino's Pizza during the fourth quarter worth $322,859,000. Norges Bank purchased a new stake in Domino's Pizza during the fourth quarter worth about $208,604,000. International Assets Investment Management LLC lifted its holdings in Domino's Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator's stock worth $205,883,000 after buying an additional 498,170 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Domino's Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator's stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Domino's Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator's stock worth $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.
Domino's Pizza Company Profile
(
Get Free Report)
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.
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