Domino’s Pizza Inc (NASDAQ:DPZ) Stock Has Consensus Target Price of $380.87 According to Brokerages

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-two ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $380.87.

A number of equities analysts have commented on the stock. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a report on Monday, October 5th. Wells Fargo & Company decreased their price target on shares of Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. TD Cowen restated a “hold” rating and issued a $320.00 price target on shares of Domino’s Pizza in a report on Tuesday, October 13th. Oppenheimer cut their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday, August 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DPZ. Soroban Capital Partners LP purchased a new stake in shares of Domino’s Pizza during the first quarter worth approximately $895,251,000. BlackRock Inc. purchased a new position in Domino’s Pizza in the 2nd quarter valued at $715,704,000. Arrowstreet Capital Limited Partnership lifted its holdings in Domino’s Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares in the last quarter. Van ECK Associates Corp boosted its stake in Domino’s Pizza by 937,192.2% during the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after purchasing an additional 22,320 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 2.8%

Shares of NASDAQ:DPZ opened at $322.35 on Friday. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $442.35. The stock has a market cap of $10.60 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. The business’s 50 day moving average is $314.00 and its 200 day moving average is $342.92.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.33 by $0.27. The company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $4.08 earnings per share. On average, sell-side analysts anticipate that Domino’s Pizza will post 19.10 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 43.86%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.