Morgan Stanley Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $515.00

Domino’s Pizza (NYSE:DPZFree Report) had its price target hoisted by Morgan Stanley from $485.00 to $515.00 in a research note issued to investors on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

Other analysts have also issued reports about the company. Stifel Nicolaus lifted their price target on Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a report on Thursday. Barclays lifted their price target on Domino’s Pizza from $346.00 to $405.00 and gave the stock an underweight rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. reissued a neutral rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. HSBC began coverage on Domino’s Pizza in a research report on Wednesday, December 20th. They issued a buy rating and a $466.00 target price for the company. Finally, Piper Sandler raised their target price on Domino’s Pizza from $400.00 to $435.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $455.76.

View Our Latest Stock Analysis on Domino’s Pizza

Domino’s Pizza Stock Down 1.8 %

DPZ stock opened at $495.31 on Friday. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $508.44. The stock’s 50 day moving average is $454.85 and its 200-day moving average is $411.00. The firm has a market capitalization of $17.25 billion, a PE ratio of 33.76, a P/E/G ratio of 2.50 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZGet Free Report) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $4.43 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza will post 15.78 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.04 annualized dividend and a yield of 1.22%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s payout ratio is 41.17%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently added to or reduced their stakes in DPZ. Norges Bank purchased a new stake in Domino’s Pizza during the 4th quarter valued at $369,800,000. Coatue Management LLC purchased a new stake in Domino’s Pizza during the 4th quarter valued at $322,859,000. International Assets Investment Management LLC boosted its stake in Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Domino’s Pizza by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after purchasing an additional 306,750 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Domino’s Pizza by 231.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 378,034 shares of the restaurant operator’s stock worth $127,394,000 after buying an additional 263,944 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

(Get Free Report)

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.

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