Domino’s Pizza Inc (NASDAQ:DPZ) Receives $398.06 Consensus Target Price from Brokerages

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have earned an average recommendation of “Hold” from the thirty-one ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $398.0645.

A number of equities research analysts have issued reports on DPZ shares. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Robert W. Baird reiterated a “neutral” rating and issued a $350.00 price objective on shares of Domino’s Pizza in a research note on Monday, August 24th. TD Cowen raised their price objective on shares of Domino’s Pizza from $310.00 to $320.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Oppenheimer dropped their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st.

Insider Buying and Selling at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,767 shares of company stock worth $7,737,107 in the last quarter. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently bought and sold shares of DPZ. Soroban Capital Partners LP purchased a new position in shares of Domino’s Pizza during the 1st quarter valued at about $895,251,000. BlackRock Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $715,704,000. Northwestern Mutual Wealth Management Co. increased its holdings in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares in the last quarter. Norges Bank purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $285,116,000. Finally, Van ECK Associates Corp increased its holdings in Domino’s Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after acquiring an additional 477,968 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $297.65 on Friday. Domino’s Pizza has a 1 year low of $282.00 and a 1 year high of $442.35. The company has a market cap of $9.85 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.38 and a beta of 0.94. The stock’s fifty day moving average price is $336.37 and its 200-day moving average price is $339.15.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion for the quarter. During the same period in the previous year, the business posted $3.81 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts expect that Domino’s Pizza will post 18.94 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.