Brokerages Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $402.16

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been given an average rating of “Moderate Buy” by the thirty-one brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $402.1613.

Several brokerages have recently weighed in on DPZ. Piper Sandler cut their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. BTIG Research reiterated a “buy” rating and issued a $425.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,950 shares of company stock worth $611,451 in the last 90 days. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Domino’s Pizza by 97.1% during the 4th 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 during the period. Johnson Financial Group Inc. grew its position in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the first quarter valued at $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 3.2%

Domino’s Pizza stock opened at $343.53 on Thursday. The company has a fifty day simple moving average of $311.50 and a 200-day simple moving average of $354.63. The stock has a market cap of $11.36 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Domino’s Pizza has a 12-month low of $282.00 and a 12-month high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results 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 business had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino’s Pizza’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.81 EPS. As a group, sell-side analysts forecast that Domino’s Pizza will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend 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.