Domino's Pizza (NYSE:DPZ - Free Report) had its price target raised by Jefferies Financial Group from $455.00 to $480.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the restaurant operator's stock.
Other equities analysts have also recently issued reports about the stock. Wedbush reiterated an outperform rating and set a $520.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 10th. Argus upgraded shares of Domino's Pizza from a hold rating to a buy rating and set a $530.00 price target for the company in a research report on Tuesday, February 27th. Sanford C. Bernstein upgraded shares of Domino's Pizza from an underperform rating to a market perform rating and upped their price target for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. BMO Capital Markets upped their price target on shares of Domino's Pizza from $475.00 to $535.00 and gave the company an outperform rating in a research report on Tuesday, February 27th. Finally, Citigroup upped their price target on shares of Domino's Pizza from $458.00 to $505.00 and gave the company a neutral rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $460.90.
View Our Latest Stock Analysis on Domino's Pizza
Domino's Pizza Stock Performance
Shares of Domino's Pizza stock traded down $1.29 on Tuesday, reaching $486.73. 346,008 shares of the stock were exchanged, compared to its average volume of 566,560. The firm's 50 day moving average is $457.56 and its 200-day moving average is $412.51. Domino's Pizza has a one year low of $285.84 and a one year high of $508.44. The firm has a market cap of $16.95 billion, a PE ratio of 33.18, a P/E/G ratio of 2.50 and a beta of 0.86.
Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts' consensus estimates of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino's Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.43 EPS. On average, equities research analysts expect that Domino's Pizza will post 15.78 EPS for the current fiscal year.
Domino's Pizza Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $1.51 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.24%. Domino's Pizza's dividend payout ratio (DPR) is 41.17%.
Insiders Place Their Bets
In related news, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction 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 transaction, the executive vice president now directly owns 3,910 shares of the company's stock, valued at $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 768 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.
Hedge Funds Weigh In On Domino's Pizza
Institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Domino's Pizza by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator's stock valued at $1,982,000 after buying an additional 302 shares during the last quarter. Cibc World Market Inc. raised its position in shares of Domino's Pizza by 15.3% during the first quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator's stock valued at $2,565,000 after buying an additional 838 shares during the last quarter. Sei Investments Co. raised its position in shares of Domino's Pizza by 2.3% during the first quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator's stock valued at $6,034,000 after buying an additional 339 shares during the last quarter. Aviva PLC raised its position in shares of Domino's Pizza by 35.3% during the first quarter. Aviva PLC now owns 17,279 shares of the restaurant operator's stock valued at $7,033,000 after buying an additional 4,505 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Domino's Pizza by 1,387.6% during the first quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator's stock valued at $733,000 after buying an additional 1,679 shares during the last quarter. Institutional investors own 94.63% of the company's stock.
About Domino's Pizza
(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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