Domino’s Pizza, Inc. (NYSE:DPZ) Receives $428.56 Average Target Price from Analysts

Domino’s Pizza, Inc. (NYSE:DPZ) has been assigned a consensus recommendation of “Buy” from the thirty-one brokerages that are presently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $430.73.

DPZ has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Domino’s Pizza from $425.00 to $432.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Argus reduced their target price on Domino’s Pizza from $455.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, March 9th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a report on Tuesday, January 19th. They issued a “buy” rating and a $425.00 target price for the company. Credit Suisse Group lifted their target price on Domino’s Pizza from $425.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Finally, Stephens lifted their target price on Domino’s Pizza from $360.00 to $405.00 and gave the stock an “equal weight” rating in a report on Thursday, May 6th.

In related news, COO Russell J. Weiner sold 6,460 shares of the business’s stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $442.50, for a total value of $2,858,550.00. Following the sale, the chief operating officer now directly owns 28,553 shares in the company, valued at $12,634,702.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Hugh Jordan sold 3,970 shares of the business’s stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $432.65, for a total value of $1,717,620.50. Following the completion of the sale, the executive vice president now owns 7,044 shares in the company, valued at $3,047,586.60. The disclosure for this sale can be found here. Insiders sold 16,568 shares of company stock worth $7,235,697 over the last 90 days. Company insiders own 1.74% of the company’s stock.

Several large investors have recently bought and sold shares of DPZ. Louisiana State Employees Retirement System lifted its position in shares of Domino’s Pizza by 20.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 2,400 shares of the restaurant operator’s stock worth $920,000 after buying an additional 400 shares in the last quarter. NuWave Investment Management LLC increased its stake in Domino’s Pizza by 13,150.0% during the fourth quarter. NuWave Investment Management LLC now owns 530 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 526 shares during the last quarter. Cypress Capital Group increased its stake in Domino’s Pizza by 53.7% during the fourth quarter. Cypress Capital Group now owns 1,724 shares of the restaurant operator’s stock worth $662,000 after acquiring an additional 602 shares during the last quarter. North Star Investment Management Corp. increased its stake in Domino’s Pizza by 37.9% during the fourth quarter. North Star Investment Management Corp. now owns 171 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 47 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in Domino’s Pizza by 157.1% during the fourth quarter. Sowell Financial Services LLC now owns 522 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

DPZ stock traded up $5.57 on Monday, reaching $432.86. 712,389 shares of the company traded hands, compared to its average volume of 638,218. Domino’s Pizza has a one year low of $319.71 and a one year high of $447.50. The company has a market cap of $16.81 billion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38. The firm has a fifty day simple moving average of $401.95 and a 200-day simple moving average of $383.78.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $3.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.06. Domino’s Pizza had a negative return on equity of 14.11% and a net margin of 11.98%. The company had revenue of $983.70 million during the quarter, compared to analyst estimates of $978.61 million. As a group, sell-side analysts forecast that Domino’s Pizza will post 12.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Monday, June 14th. This represents a $3.76 annualized dividend and a yield of 0.87%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.29%.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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