Domino’s Pizza (NYSE:DPZ) Given New $470.00 Price Target at Barclays

Domino’s Pizza (NYSE:DPZ) had its price target lifted by Barclays from $405.00 to $470.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on the stock. Evercore ISI boosted their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Jefferies Financial Group boosted their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a hold rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Wedbush reissued an outperform rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Friday, April 26th. Finally, Citigroup boosted their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $516.19.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $529.27 on Tuesday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The firm has a fifty day moving average of $469.22 and a 200 day moving average of $420.72. The firm has a market capitalization of $18.43 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s payout ratio is currently 41.17%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $39,000. Quadrant Capital Group LLC grew its holdings in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $49,000. 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.