Domino’s Pizza Inc (NASDAQ:DPZ) Receives $397.42 Consensus Price Target from Analysts

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been given a consensus rating of “Moderate Buy” by the thirty-one research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $397.4194.

Several research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research report on Monday, April 27th. TD Cowen lifted their price objective on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Finally, KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,254 shares of company stock valued at $7,888,924 in the last quarter. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in DPZ. SHP Wealth Management acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in Domino’s Pizza during the second quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Investors Research Corp lifted its position in shares of Domino’s Pizza by 9,900.0% during the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.1%

Shares of DPZ stock opened at $336.52 on Monday. The firm has a 50 day moving average of $324.82 and a two-hundred day moving average of $348.13. The stock has a market capitalization of $11.13 billion, a PE ratio of 19.09, a P/E/G ratio of 1.62 and a beta of 0.94. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 earnings per share. Analysts expect that Domino’s Pizza will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s payout ratio is currently 45.15%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.