Domino's Pizza, Inc. (NASDAQ:DPZ) Receives $503.41 Consensus Target Price from Brokerages

Shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-eight brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $503.04.

A number of equities research analysts have recently weighed in on DPZ shares. Loop Capital cut their target price on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Oppenheimer lifted their price objective on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Robert W. Baird decreased their target price on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Monday. TD Cowen restated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Finally, Morgan Stanley reduced their price target on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st.

Insider Buying and Selling

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Doliver Advisors LP raised its holdings in Domino's Pizza by 3.1% in the 1st quarter. Doliver Advisors LP now owns 1,424 shares of the restaurant operator's stock worth $654,000 after purchasing an additional 43 shares during the period. Parallel Advisors LLC increased its position in Domino's Pizza by 46.2% in the first quarter. Parallel Advisors LLC now owns 525 shares of the restaurant operator's stock worth $241,000 after buying an additional 166 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after buying an additional 259,566 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Domino's Pizza by 6,462.5% during the 1st quarter. Versant Capital Management Inc now owns 525 shares of the restaurant operator's stock valued at $241,000 after acquiring an additional 517 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Domino's Pizza by 4.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,811 shares of the restaurant operator's stock worth $832,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 1.3 %

Shares of DPZ stock traded down $5.85 during trading hours on Friday, reaching $430.72. The company's stock had a trading volume of 770,154 shares, compared to its average volume of 622,238. Domino's Pizza has a one year low of $396.06 and a one year high of $542.75. The stock has a market capitalization of $14.77 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.47 and a beta of 1.15. The firm's fifty day simple moving average is $461.83 and its 200 day simple moving average is $443.70.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.48 EPS. As a group, equities research analysts forecast that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.62%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino's Pizza's payout ratio is presently 41.70%.

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.