Domino’s Pizza, Inc. (NYSE:DPZ) Receives $504.03 Consensus Target Price from Analysts

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $489.55.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank of Canada decreased their price objective on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets dropped their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Friday. Finally, Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th.

Domino’s Pizza Trading Up 5.1 %

NYSE:DPZ opened at $429.67 on Friday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a 1 year low of $332.13 and a 1 year high of $542.75. The firm has a 50 day moving average of $421.63 and a 200-day moving average of $469.31.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.18 EPS. As a group, analysts forecast that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s payout ratio is presently 39.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 230,090 shares during the period. Vanguard Group Inc. grew its holdings in shares of 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. Envestnet Asset Management Inc. increased its position in shares of Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares during the period. Point72 Asset Management L.P. acquired a new position in Domino’s Pizza in the second quarter valued at about $72,296,000. Finally, TD Asset Management Inc lifted its position in Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the period. Institutional investors and hedge funds 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.