Domino’s Pizza, Inc. (NASDAQ:DPZ) Receives $503.41 Average PT from Analysts

Domino’s Pizza, Inc. (NASDAQ:DPZ) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $503.41.

A number of research firms have weighed in on DPZ. Stephens restated an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. TD Securities restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Finally, Wedbush restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,597 shares of company stock worth $3,762,052. Company insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $549,399,000. Norges Bank bought a new stake in shares of Domino’s Pizza in the 4th quarter worth approximately $250,571,000. FMR LLC boosted its position in shares of Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $99,352,000. Finally, Invesco Ltd. boosted its position in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $425.58 on Monday. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The company has a market cap of $14.60 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.47 and a beta of 1.06. The stock’s fifty day moving average price is $450.39 and its two-hundred day moving average price is $438.21.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $4.48 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. Domino’s Pizza’s dividend payout ratio is 41.70%.

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.