Barclays Boosts Domino’s Pizza (NYSE:DPZ) Price Target to $470.00

Domino’s Pizza (NYSE:DPZ) had its price target boosted by Barclays from $405.00 to $470.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI upped their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Oppenheimer restated an outperform rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 22nd. Citigroup upped their target price on Domino’s Pizza from $458.00 to $505.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Wedbush restated an outperform rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, April 26th. Finally, Sanford C. Bernstein upgraded Domino’s Pizza from an underperform rating to a market perform rating and upped their target price for the stock from $330.00 to $370.00 in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of Moderate Buy and an average price target of $516.19.

Domino’s Pizza Stock Up 0.3 %

Shares of Domino’s Pizza stock traded up $1.63 on Tuesday, hitting $514.33. The stock had a trading volume of 580,625 shares, compared to its average volume of 595,011. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75. The business’s 50 day moving average is $475.07 and its two-hundred day moving average is $423.29. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.83.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, equities analysts predict that Domino’s Pizza will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. Insiders sold 13,401 shares of company stock valued at $6,995,948 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Domino’s Pizza by 124.0% in the 1st quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 351 shares in the last quarter. GSA Capital Partners LLP grew its position in Domino’s Pizza by 83.3% in the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after purchasing an additional 765 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Domino’s Pizza by 5.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,404 shares of the restaurant operator’s stock worth $3,679,000 after purchasing an additional 373 shares in the last quarter. Whittier Trust Co. boosted its stake in Domino’s Pizza by 3.6% in the first quarter. Whittier Trust Co. now owns 16,400 shares of the restaurant operator’s stock valued at $8,149,000 after acquiring an additional 566 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Domino’s Pizza by 12.6% in the first quarter. Jennison Associates LLC now owns 113,423 shares of the restaurant operator’s stock valued at $56,358,000 after acquiring an additional 12,685 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

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.