Brokerages Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $412.97

Domino’s Pizza Inc (NASDAQ:DPZ) has been assigned a consensus rating of “Moderate Buy” from the thirty analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $411.3548.

A number of research analysts recently commented on DPZ shares. Stifel Nicolaus set a $400.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 27th. Evercore cut their target price on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Benchmark decreased their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Citigroup lowered their price target on 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. Finally, UBS Group dropped their price objective on Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on 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 owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 1,463 shares of company stock worth $466,807. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc increased its holdings in shares of Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares in the last quarter. Soroban Capital Partners LP acquired a new position in shares of Domino’s Pizza in the 1st quarter worth $895,251,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after acquiring an additional 7,497 shares during the last quarter. State Street Corp raised its position in shares of Domino’s Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after purchasing an additional 49,613 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Domino’s Pizza by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after purchasing an additional 19,019 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 2.5%

Shares of DPZ opened at $311.66 on Friday. The firm has a 50-day moving average price of $315.92 and a 200 day moving average price of $367.59. The firm has a market capitalization of $10.37 billion, a PE ratio of 17.94, a P/E/G ratio of 1.42 and a beta of 0.97. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 EPS. On average, equities analysts expect that Domino’s Pizza will post 18.99 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Domino’s Pizza Company Profile

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.