Domino’s Pizza (NYSE:DPZ) Lifted to “Outperform” at Robert W. Baird

Robert W. Baird upgraded shares of Domino’s Pizza (NYSE:DPZFree Report) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat reports. They currently have $580.00 price objective on the restaurant operator’s stock, up from their prior price objective of $530.00.

A number of other brokerages have also recently weighed in on DPZ. TD Cowen boosted their price objective on shares of Domino’s Pizza from $580.00 to $610.00 and gave the stock a buy rating in a research note on Thursday, June 13th. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $535.00 to $575.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. Oppenheimer upped their target price on shares of Domino’s Pizza from $530.00 to $580.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. Stephens upped their target price on shares of Domino’s Pizza from $479.00 to $513.00 and gave the company an equal weight rating in a research note on Tuesday, April 30th. Finally, Evercore ISI upped their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an outperform rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $531.66.

View Our Latest Analysis on DPZ

Domino’s Pizza Trading Down 0.0 %

Shares of Domino’s Pizza stock opened at $477.81 on Monday. The firm has a fifty day simple moving average of $513.93 and a 200-day simple moving average of $471.11. Domino’s Pizza has a 1-year low of $330.05 and a 1-year high of $542.75. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 2.47 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZGet Free Report) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $2.93 earnings per share. Domino’s Pizza’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts predict that Domino’s Pizza will post 16 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.26%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated 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 owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated 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 owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cynthia A. Headen sold 745 shares of the firm’s 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 completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital Investment Advisors LLC boosted its stake in shares of Domino’s Pizza by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after purchasing an additional 25 shares during the last quarter. Wealthsource Partners LLC boosted its stake in Domino’s Pizza by 2.0% during the 4th quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 25 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in Domino’s Pizza by 4.8% during the 1st quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock worth $269,000 after acquiring an additional 25 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Domino’s Pizza by 2.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 26 shares during the last quarter. Finally, Czech National Bank boosted its stake in Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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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.

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Analyst Recommendations for Domino's Pizza (NYSE:DPZ)

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