Brokerages Set Domino’s Pizza, Inc. (NASDAQ:DPZ) PT at $503.41

Domino’s Pizza, Inc. (NASDAQ:DPZ) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $503.41.

Several research firms have recently commented on DPZ. Citigroup boosted their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, April 1st. Morgan Stanley decreased their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Loop Capital cut their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last three months. Company insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds have recently modified their holdings of the company. Berkshire Hathaway Inc raised its position in Domino’s Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after acquiring an additional 1,104,744 shares during the period. Principal Financial Group Inc. increased its stake in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. lifted its stake in Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new stake in Domino’s Pizza in the 4th quarter worth about $250,571,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Down 4.2 %

DPZ opened at $444.21 on Friday. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The company has a market capitalization of $15.24 billion, a P/E ratio of 27.29, a PEG ratio of 2.47 and a beta of 1.15. The stock’s fifty day moving average is $461.64 and its two-hundred day moving average is $443.50.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.48 EPS. Equities analysts anticipate that Domino’s Pizza will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Domino’s Pizza Company Profile

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.