Domino’s Pizza (NYSE:DPZ) Price Target Raised to $515.00

Domino’s Pizza (NYSE:DPZ) had its price objective lifted by TD Cowen from $475.00 to $515.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

DPZ has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Barclays decreased their target price on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Stephens dropped their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Finally, Jefferies Financial Group decreased their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Stock Down 0.1 %

Shares of Domino’s Pizza stock opened at $472.48 on Monday. The firm has a market cap of $16.31 billion, a PE ratio of 29.04, a P/E/G ratio of 2.52 and a beta of 0.86. Domino’s Pizza has a twelve month low of $383.05 and a twelve month high of $542.75. The business has a 50-day moving average price of $429.41 and a 200 day moving average price of $454.42.

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

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.28%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

A number of large investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Domino’s Pizza by 42.8% during the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock worth $11,571,000 after purchasing an additional 8,103 shares during the period. Tidal Investments LLC increased its stake in shares of Domino’s Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock worth $24,708,000 after buying an additional 50,579 shares during the period. Sanctuary Advisors LLC raised its holdings in Domino’s Pizza by 26.3% in the third quarter. Sanctuary Advisors LLC now owns 3,936 shares of the restaurant operator’s stock valued at $1,785,000 after acquiring an additional 819 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Domino’s Pizza by 11.5% in the third quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock worth $1,227,000 after acquiring an additional 295 shares during the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $241,000. 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.