Domino’s Pizza Inc (NASDAQ:DPZ) Receives $397.42 Consensus Target Price from Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has been given an average rating of “Moderate Buy” by the thirty-one ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $397.4194.

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. DA Davidson reduced their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, TD Cowen increased their price objective on shares of Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a report on Monday, July 20th.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $341.85 on Monday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $469.00. The stock has a fifty day moving average of $325.62 and a 200-day moving average of $347.56.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 earnings per share. Equities research analysts forecast that Domino’s Pizza will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. Domino’s Pizza’s payout ratio is presently 45.15%.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were 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 owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 24,254 shares of company stock worth $7,888,924. 0.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. SHP Wealth Management bought a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Rakuten Securities Inc. acquired a new stake in shares of Domino’s Pizza in the 2nd quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the last quarter. Investors Research Corp boosted its stake in Domino’s Pizza by 9,900.0% during the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza during the first quarter valued at approximately $31,000. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.