Domino’s Pizza Inc (NASDAQ:DPZ) Receives $489.92 Consensus PT from Analysts

Domino’s Pizza Inc (NASDAQ:DPZ) has earned a consensus rating of “Moderate Buy” from the twenty-six analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $489.9167.

Several research firms have commented on DPZ. Morgan Stanley lifted their price target on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Loop Capital lifted their price target on Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Bank of America lifted their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “buy” rating and set a $510.00 price target on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Finally, Barclays cut their price target on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. RMG Wealth Management LLC purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Domino’s Pizza in the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $29,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $421.76 on Tuesday. Domino’s Pizza has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The firm has a market capitalization of $14.25 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. The stock’s 50-day simple moving average is $437.37 and its 200-day simple moving average is $456.61.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $4.19 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino’s Pizza’s payout ratio is 40.68%.

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.