Domino’s Pizza (NASDAQ:DPZ) Given New $535.00 Price Target at Benchmark

Domino’s Pizza (NASDAQ:DPZ) had its target price boosted by Benchmark from $520.00 to $535.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

DPZ has been the subject of a number of other research reports. Hsbc Global Res upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, April 22nd. BMO Capital Markets lifted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Robert W. Baird lifted their price objective on Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Oppenheimer lifted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $502.08.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $493.43 on Tuesday. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a fifty day moving average of $463.34 and a 200 day moving average of $449.16. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $3.58 EPS. As a group, equities research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

Insider Transactions at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock worth $3,946,461 in the last ninety days. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc lifted its holdings in Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. Norges Bank acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $250,571,000. GAMMA Investing LLC lifted its holdings in Domino’s Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock valued at $119,480,000 after acquiring an additional 259,566 shares during the last quarter. Invesco Ltd. raised its position in Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in Domino’s Pizza during the fourth quarter worth $56,647,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

About Domino’s Pizza

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.