Citigroup Boosts Domino’s Pizza (DPZ) Price Target to $298.00
Domino’s Pizza (NYSE:DPZ) had its price objective increased by Citigroup from $281.00 to $298.00 in a research report sent to investors on Wednesday. Citigroup currently has a neutral rating on the restaurant operator’s stock.
Several other research firms have also recently weighed in on DPZ. Bank of America increased their price target on shares of Domino’s Pizza from $285.00 to $305.00 and gave the company a buy rating in a report on Thursday, June 14th. Stephens reissued an overweight rating and issued a $300.00 price target on shares of Domino’s Pizza in a report on Thursday, April 26th. Morgan Stanley increased their price target on shares of Domino’s Pizza from $260.00 to $270.00 and gave the company an equal weight rating in a report on Monday, July 16th. Barclays increased their price target on shares of Domino’s Pizza from $241.00 to $262.00 and gave the company an equal weight rating in a report on Friday, July 20th. Finally, Stifel Nicolaus increased their price target on shares of Domino’s Pizza from $240.00 to $255.00 and gave the company a buy rating in a report on Wednesday, April 18th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $268.48.
Domino’s Pizza stock traded down $0.14 during trading hours on Wednesday, hitting $291.31. The company had a trading volume of 455,286 shares, compared to its average volume of 726,615. The stock has a market cap of $12.01 billion, a P/E ratio of 54.55, a P/E/G ratio of 1.80 and a beta of 0.24. The company has a quick ratio of 1.70, a current ratio of 1.81 and a debt-to-equity ratio of -1.17. Domino’s Pizza has a one year low of $166.74 and a one year high of $295.24.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.76%. Domino’s Pizza’s dividend payout ratio is presently 41.20%.
In other news, insider J Patrick Doyle sold 20,842 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $264.42, for a total transaction of $5,511,041.64. Following the transaction, the insider now directly owns 24,670 shares of the company’s stock, valued at $6,523,241.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.97% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. bought a new position in shares of Domino’s Pizza during the second quarter worth approximately $172,000. Mckinley Capital Management LLC Delaware increased its holdings in shares of Domino’s Pizza by 66.7% during the first quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 279 shares during the period. Roosevelt Investment Group Inc. bought a new position in Domino’s Pizza in the second quarter valued at approximately $215,000. Private Trust Co. NA bought a new position in Domino’s Pizza in the second quarter valued at approximately $220,000. Finally, Reliance Trust Co. of Delaware bought a new position in Domino’s Pizza in the second quarter valued at approximately $227,000. 99.47% of the stock is currently owned by institutional investors.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.