Domino’s Pizza (NYSE:DPZ) Price Target Increased to $470.00 by Analysts at Barclays

Domino’s Pizza (NYSE:DPZ) had its price target hoisted by Barclays from $405.00 to $470.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an underweight rating on the restaurant operator’s stock.

DPZ has been the topic of several other reports. 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. Stephens restated an equal weight rating and set a $479.00 target price on shares of Domino’s Pizza in a research report on Monday, April 29th. Sanford C. Bernstein upgraded shares of Domino’s Pizza from an underperform rating to a market perform rating and increased their price target for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. Gordon Haskett raised shares of Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price objective for the company in a research report on Tuesday, January 16th. Finally, Wedbush restated an outperform rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $516.19.

Domino’s Pizza Stock Up 0.3 %

Shares of NYSE DPZ opened at $514.33 on Tuesday. The firm’s 50-day moving average price is $475.07 and its 200-day moving average price is $423.29. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $542.75. The company has a market cap of $17.94 billion, a PE ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83.

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

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,401 shares of company stock worth $6,995,948. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. CWM LLC grew its position in Domino’s Pizza by 9.7% in the fourth quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock worth $485,000 after acquiring an additional 104 shares in the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $1,980,000. Nisa Investment Advisors LLC increased its position in shares of Domino’s Pizza by 353.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after purchasing an additional 3,189 shares during the last quarter. International Assets Investment Management LLC raised its holdings 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 buying an additional 498,170 shares during the period. Finally, Deutsche Bank AG lifted its position in Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after buying an additional 32,797 shares during the last quarter. 94.63% of the stock is currently 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.