Robert W. Baird Cuts Domino's Pizza (NASDAQ:DPZ) Price Target to $500.00

Domino's Pizza (NASDAQ:DPZ - Free Report) had its price target reduced by Robert W. Baird from $510.00 to $500.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the restaurant operator's stock.

Other equities research analysts have also recently issued research reports about the company. Wedbush restated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, February 25th. Citigroup boosted their price target on Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Oppenheimer increased their price objective on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Barclays upped their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $499.69.

Domino's Pizza Price Performance

Domino's Pizza stock traded up $9.12 during mid-day trading on Monday, hitting $462.17. 625,094 shares of the company's stock traded hands, compared to its average volume of 625,590. The firm has a 50 day simple moving average of $461.95 and a two-hundred day simple moving average of $444.47. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 EPS. On average, research analysts anticipate 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. Investors of record on Friday, March 14th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's dividend payout ratio is currently 41.70%.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last quarter. Insiders own 0.83% of the company's stock.

Institutional Trading of Domino's Pizza

Several institutional investors have recently modified their holdings of DPZ. Gateway Investment Advisers LLC boosted its holdings in Domino's Pizza by 9.7% in the first quarter. Gateway Investment Advisers LLC now owns 1,940 shares of the restaurant operator's stock valued at $891,000 after acquiring an additional 172 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Domino's Pizza by 86.5% in the 1st quarter. Procyon Advisors LLC now owns 3,802 shares of the restaurant operator's stock worth $1,747,000 after purchasing an additional 1,763 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Domino's Pizza by 27.5% in the 1st quarter. Annex Advisory Services LLC now owns 44,746 shares of the restaurant operator's stock valued at $20,559,000 after purchasing an additional 9,650 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Domino's Pizza by 13.5% during the first quarter. Portside Wealth Group LLC now owns 750 shares of the restaurant operator's stock worth $315,000 after buying an additional 89 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Domino's Pizza during the first quarter worth $230,000. Institutional investors own 94.63% of the company's stock.

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.