Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Target Price at $418.13

by · The Markets Daily

Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) has been assigned an average rating of “Hold” from the thirty-one research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $418.1290.

A number of research analysts have weighed in on DPZ shares. Guggenheim cut their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. DA Davidson cut their price objective on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Evercore cut their price objective on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Citigroup cut their price objective on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th.

Get Our Latest Stock Analysis on Domino’s Pizza

Domino’s Pizza Stock Performance

DPZ stock opened at $313.99 on Wednesday. Domino’s Pizza has a one year low of $297.48 and a one year high of $496.00. The company’s fifty day moving average price is $339.09 and its 200-day moving average price is $382.59. The company has a market capitalization of $10.44 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company earned $4.33 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Domino’s Pizza will post 19.07 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s payout ratio is 45.83%.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently added to or reduced their stakes in DPZ. Jump Financial LLC purchased a new stake in Domino’s Pizza in the second quarter worth about $3,183,000. Investment Management Corp of Ontario lifted its stake in Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares during the period. Sei Investments Co. lifted its stake in Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co lifted its position in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

(Get Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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