Domino’s Pizza (NYSE:DPZ) Given New $580.00 Price Target at BTIG Research

Domino’s Pizza (NYSE:DPZ) had its target price upped by BTIG Research from $515.00 to $580.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other analysts have also issued research reports about the stock. Evercore ISI increased their price objective on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Robert W. Baird raised their price target on shares of Domino’s Pizza from $510.00 to $530.00 and gave the company a neutral rating in a research report on Tuesday. Barclays raised their price target on shares of Domino’s Pizza from $405.00 to $470.00 and gave the company an underweight rating in a research report on Tuesday. Morgan Stanley raised their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research report on Friday, April 12th. Finally, Gordon Haskett upgraded shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target on the stock in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $516.19.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $529.27 on Tuesday. The firm has a market capitalization of $18.43 billion, a P/E ratio of 36.08, a PEG ratio of 2.61 and a beta of 0.86. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $542.75. The company’s fifty day moving average price is $469.22 and its 200-day moving average price is $420.72.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. Equities analysts anticipate that Domino’s Pizza will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

Insider Transactions at Domino’s Pizza

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

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV raised its stake in Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Domino’s Pizza during the third quarter worth about $39,000. Quadrant Capital Group LLC raised its stake in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in Domino’s Pizza during the third quarter worth about $49,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.