Domino's Pizza, Inc. (NYSE:DPZ) Receives $525.66 Consensus Target Price from Brokerages

Shares of Domino's Pizza, Inc. (NYSE:DPZ - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $525.66.

DPZ has been the subject of several recent analyst reports. TD Cowen upped their price objective on shares of Domino's Pizza from $580.00 to $610.00 and gave the stock a "buy" rating in a report on Thursday, June 13th. Evercore ISI upped their price objective on shares of Domino's Pizza from $510.00 to $560.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Wedbush reaffirmed an "outperform" rating and set a $575.00 price objective on shares of Domino's Pizza in a report on Monday, June 10th. Benchmark upped their target price on shares of Domino's Pizza from $510.00 to $575.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Finally, Barclays upped their target price on shares of Domino's Pizza from $405.00 to $470.00 and gave the company an "underweight" rating in a research note on Tuesday, April 30th.

Domino's Pizza Stock Up 0.9 %

DPZ stock traded up $4.51 during trading hours on Wednesday, hitting $497.12. The company's stock had a trading volume of 221,324 shares, compared to its average volume of 539,414. The company has a market capitalization of $17.34 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.55 and a beta of 0.87. Domino's Pizza has a 12 month low of $328.03 and a 12 month high of $542.75. The stock has a 50 day moving average price of $516.32 and a two-hundred day moving average price of $468.20.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino's Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. Domino's Pizza's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.93 EPS. Sell-side analysts expect that Domino's Pizza will post 16 earnings per share for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, June 14th. Domino's Pizza's dividend payout ratio (DPR) is currently 39.43%.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Domino's Pizza news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DPZ. Tower Research Capital LLC TRC boosted its stake in shares of Domino's Pizza by 248.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,625 shares of the restaurant operator's stock valued at $616,000 after purchasing an additional 1,158 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Domino's Pizza in the 3rd quarter valued at about $486,000. Ameriprise Financial Inc. boosted its stake in shares of Domino's Pizza by 5.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 134,784 shares of the restaurant operator's stock valued at $51,056,000 after purchasing an additional 6,807 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Domino's Pizza by 74.5% in the 3rd quarter. Lido Advisors LLC now owns 2,101 shares of the restaurant operator's stock valued at $796,000 after purchasing an additional 897 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of Domino's Pizza in the 3rd quarter valued at about $380,000. Institutional investors 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.