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

Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-eight ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $503.41.

Several equities research analysts have recently weighed in on DPZ shares. 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 note on Tuesday, January 21st. Benchmark reaffirmed a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Robert W. Baird dropped their target price on Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Oppenheimer upped their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Barclays lifted their price objective on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research report on Tuesday, February 25th.

Domino's Pizza Stock Up 1.9 %

NASDAQ:DPZ traded up $8.15 during mid-day trading on Monday, reaching $438.71. 884,893 shares of the stock were exchanged, compared to its average volume of 603,886. The stock has a market capitalization of $15.05 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.47 and a beta of 1.06. Domino's Pizza has a 1 year low of $396.06 and a 1 year high of $542.75. The company has a 50 day simple moving average of $450.77 and a 200-day simple moving average of $437.97.

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Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations 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 revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.48 earnings per share. As a group, research analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

Insider Activity at Domino's Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DPZ. Berkshire Hathaway Inc acquired a new stake in shares of Domino's Pizza in the third quarter worth approximately $549,399,000. Norges Bank acquired a new position in shares of Domino's Pizza in the 4th quarter valued at $250,571,000. FMR LLC grew its stake in shares of Domino's Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock valued at $941,936,000 after buying an additional 307,528 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth $99,352,000. Finally, Invesco Ltd. raised its position in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

About Domino's Pizza

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.