Domino’s Pizza Inc (NASDAQ:DPZ) Receives $421.35 Consensus Target Price from Brokerages

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned a consensus recommendation of “Hold” from the thirty-one brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $419.7419.

Several analysts have issued reports on DPZ shares. Gordon Haskett decreased their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. BMO Capital Markets cut their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. BTIG Research reduced their price target on Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Robert W. Baird decreased their price target on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Finally, Wells Fargo & Company dropped their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th.

Domino’s Pizza Trading Down 3.2%

Shares of DPZ opened at $313.22 on Friday. The company’s fifty day simple moving average is $369.82 and its 200-day simple moving average is $395.51. The company has a market cap of $10.42 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.49 and a beta of 1.02. Domino’s Pizza has a twelve month low of $310.06 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.33 earnings per share. Analysts predict that Domino’s Pizza will post 19.22 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after acquiring an additional 910,529 shares in the last quarter. Norges Bank purchased a new stake in Domino’s Pizza during the fourth quarter worth $285,116,000. Berkshire Hathaway Inc increased its holdings 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 valued at $1,396,347,000 after acquiring an additional 368,055 shares during the period. Two Sigma Investments LP raised its position in shares of Domino’s Pizza by 2,845.4% in the 3rd quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after acquiring an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Domino’s Pizza by 8,229.8% during the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.