Domino’s Pizza, Inc. (NYSE:DPZ) Receives $489.55 Average Target Price from Brokerages

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received an average recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $494.38.

Several research analysts have recently commented on the stock. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $419.00 to $559.00 in a report on Friday. Jefferies Financial Group lowered their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. TD Cowen reiterated a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Morgan Stanley reduced their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BTIG Research dropped their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, October 11th.

Domino’s Pizza Stock Up 2.5 %

Shares of NYSE DPZ opened at $459.73 on Tuesday. The stock’s 50 day moving average price is $420.58 and its two-hundred day moving average price is $460.44. Domino’s Pizza has a 52-week low of $367.24 and a 52-week high of $542.75. The stock has a market capitalization of $15.87 billion, a P/E ratio of 28.24, a PEG ratio of 2.38 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $4.18 earnings per share. On average, analysts anticipate that Domino’s Pizza will post 16.86 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.31%. Domino’s Pizza’s payout ratio is presently 37.10%.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in Domino’s Pizza by 50.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,879 shares of the restaurant operator’s stock worth $13,356,000 after acquiring an additional 9,072 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth approximately $313,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Domino’s Pizza by 13.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,056 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 122 shares during the period. GSA Capital Partners LLP lifted its position in Domino’s Pizza by 83.3% in the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after buying an additional 765 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Domino’s Pizza by 124.0% in the 1st quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock worth $315,000 after buying an additional 351 shares in 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.