Domino's Pizza (NASDAQ:DPZ) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Domino's Pizza (NASDAQ:DPZ - Free Report) had its target price raised by Robert W. Baird from $500.00 to $535.00 in a research report released on Wednesday, Marketbeat Ratings reports. They currently have an outperform rating on the restaurant operator's stock.

Several other research analysts have also weighed in on DPZ. Wedbush reissued an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, February 25th. Morgan Stanley decreased their price target on 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. Guggenheim increased their target price on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday. Benchmark reissued a "buy" rating and set a $520.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, Loop Capital reduced their price target on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and an average price target of $499.48.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $0.39 during midday trading on Wednesday, reaching $487.58. 1,019,996 shares of the company's stock were exchanged, compared to its average volume of 627,990. Domino's Pizza has a 52-week low of $396.06 and a 52-week high of $542.75. The business's fifty day moving average price is $462.60 and its two-hundred day moving average price is $447.91. The stock has a market capitalization of $16.72 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Domino's Pizza's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.48 earnings per share. Analysts predict that Domino's Pizza will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.43%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's payout ratio is currently 41.70%.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 in the last ninety days. 0.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino's Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc grew its holdings in shares of Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares in the last quarter. Norges Bank acquired a new stake in Domino's Pizza during the 4th quarter worth about $250,571,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 259,566 shares in the last quarter. Invesco Ltd. increased its holdings 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 valued at $255,649,000 after purchasing an additional 191,752 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of Domino's Pizza in the fourth quarter worth approximately $56,647,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.