Analysts Set Domino’s Pizza, Inc. (NYSE:DPZ) Price Target at $441.79

Domino’s Pizza, Inc. (NYSE:DPZ) has received a consensus rating of “Moderate Buy” from the twenty-five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $441.79.

Several research firms have weighed in on DPZ. Evercore ISI raised their price target on Domino’s Pizza from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Morgan Stanley upped their target price on shares of Domino’s Pizza from $465.00 to $485.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Barclays raised their price target on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 27th. Wedbush reissued an “outperform” rating and issued a $520.00 price objective (up previously from $445.00) on shares of Domino’s Pizza in a research report on Monday, February 26th. Finally, Piper Sandler raised their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th.

Domino’s Pizza Stock Up 1.9 %

NYSE DPZ opened at $492.13 on Monday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $493.19. The firm has a 50-day moving average price of $437.67 and a 200 day moving average price of $401.50. The stock has a market capitalization of $17.14 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.35 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $4.43 EPS. On average, equities research analysts expect that Domino’s Pizza will post 15.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $1.51 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.23%. Domino’s Pizza’s payout ratio is presently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DPZ. Capital Investment Advisors LLC raised its stake in shares of Domino’s Pizza by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after buying an additional 25 shares in the last quarter. Wealthsource Partners LLC boosted its holdings in Domino’s Pizza by 2.0% during the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after purchasing an additional 25 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Domino’s Pizza by 2.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock valued at $385,000 after purchasing an additional 26 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Domino’s Pizza by 2.2% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 1,412 shares of the restaurant operator’s stock worth $476,000 after buying an additional 30 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of Domino’s Pizza by 4.9% during the 4th quarter. Studio Investment Management LLC now owns 665 shares of the restaurant operator’s stock worth $230,000 after buying an additional 31 shares during the period. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

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.