Domino’s Pizza Inc (NASDAQ:DPZ) Stock Has Average Target Price of $392.58

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been given a consensus recommendation of “Moderate Buy” by the thirty-two analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $392.58.

DPZ has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Monday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a research note on Wednesday, August 26th.

Insiders Place Their Bets

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently made changes to their positions in the business. Berkshire Hathaway Inc lifted its position in shares of Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the period. Soroban Capital Partners LP purchased a new position in shares of Domino’s Pizza during the first quarter valued at about $895,251,000. BlackRock Inc. purchased a new position in shares of Domino’s Pizza during the second quarter valued at about $715,704,000. T. Rowe Price Investment Management Inc. raised its stake in Domino’s Pizza by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after buying an additional 7,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $308.65 on Tuesday. The company’s 50 day simple moving average is $327.32 and its two-hundred day simple moving average is $328.71. Domino’s Pizza has a 1 year low of $282.00 and a 1 year high of $442.35. The stock has a market capitalization of $10.21 billion, a PE ratio of 17.51, a P/E/G ratio of 1.39 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the firm posted $3.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts anticipate that Domino’s Pizza will post 18.95 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 45.15%.

About Domino’s Pizza

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.