Benchmark Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $575.00

Domino’s Pizza (NYSE:DPZ) had its target price raised by Benchmark from $510.00 to $575.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on DPZ. UBS Group boosted their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Barclays boosted their price target on shares of Domino’s Pizza from $405.00 to $470.00 and gave the stock an underweight rating in a report on Tuesday. Stephens restated an equal weight rating and issued a $479.00 price objective on shares of Domino’s Pizza in a report on Monday, April 29th. Oppenheimer reiterated an outperform rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $516.19.

Domino’s Pizza Stock Up 0.3 %

Domino’s Pizza stock opened at $514.33 on Tuesday. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The firm has a market cap of $17.94 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83. The company’s 50 day moving average is $475.07 and its two-hundred day moving average is $423.29.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $2.93 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last ninety days. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently modified their holdings of DPZ. Larson Financial Group LLC raised its position in Domino’s Pizza by 124.0% in the first quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock worth $315,000 after acquiring an additional 351 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Domino’s Pizza by 83.3% during the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after purchasing an additional 765 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Domino’s Pizza by 5.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,404 shares of the restaurant operator’s stock valued at $3,679,000 after purchasing an additional 373 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Domino’s Pizza by 3.6% in the first quarter. Whittier Trust Co. now owns 16,400 shares of the restaurant operator’s stock valued at $8,149,000 after purchasing an additional 566 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Domino’s Pizza by 12.6% during the first quarter. Jennison Associates LLC now owns 113,423 shares of the restaurant operator’s stock worth $56,358,000 after buying an additional 12,685 shares in the last quarter. 94.63% of the stock is 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.