Domino’s Pizza (NYSE:DPZ) Price Target Increased to $575.00 by Analysts at BMO Capital Markets

Domino’s Pizza (NYSE:DPZ) had its price target lifted by BMO Capital Markets from $535.00 to $575.00 in a research note released on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

Several other research analysts have also recently issued reports on DPZ. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Wedbush reaffirmed an outperform rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a buy rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a report on Friday, April 12th. Finally, UBS Group boosted their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a buy rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from 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

Shares of NYSE DPZ opened at $529.27 on Tuesday. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $542.75. The stock has a market cap of $18.43 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The firm has a 50-day moving average of $469.22 and a 200 day moving average of $420.72.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $2.93 EPS. Research analysts expect that Domino’s Pizza will post 15.72 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the company’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 completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction on 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 owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Domino’s Pizza by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator’s stock worth $1,597,686,000 after acquiring an additional 18,397 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Domino’s Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock worth $645,549,000 after acquiring an additional 68,317 shares during the last quarter. FMR LLC raised its stake in Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares in the last quarter. Coatue Management LLC purchased a new stake in Domino’s Pizza during the fourth quarter valued at $322,859,000. Finally, Norges Bank purchased a new stake in Domino’s Pizza during the fourth quarter valued at $208,604,000. Institutional investors own 94.63% of the company’s stock.

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.