Domino’s Pizza Inc (NASDAQ:DPZ) Receives $402.16 Consensus Target Price from Brokerages

Domino’s Pizza Inc (NASDAQ:DPZ) has received a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $402.1613.

Several analysts recently issued reports on the stock. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Royal Bank Of Canada raised their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. DA Davidson dropped their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Piper Sandler dropped their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th.

Domino’s Pizza Stock Up 3.0%

Shares of DPZ stock opened at $332.97 on Thursday. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $486.68. The firm has a 50 day moving average of $310.79 and a 200-day moving average of $355.47.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.19 billion during the quarter. During the same period last year, the firm earned $3.81 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts anticipate that Domino’s Pizza will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Domino’s Pizza News Roundup

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Wells Fargo raised its price target on Domino’s Pizza (DPZ) to $350, signaling improved expectations for the stock. Wells Fargo & Company Raises Domino’s Pizza (NASDAQ:DPZ) Price Target to $350.00
• Positive Sentiment: BTIG Research reiterated a Buy rating on Domino’s Pizza, reinforcing a favorable analyst outlook. Domino’s Pizza (NASDAQ:DPZ) Earns Buy Rating from BTIG Research
• Positive Sentiment: Consensus analyst coverage remains supportive, with Domino’s Pizza receiving an average “Moderate Buy” recommendation. Domino’s Pizza Inc (NASDAQ:DPZ) Receives Average Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Domino’s may still be undervalued or trading at an attractive earnings multiple after stronger-than-expected Q2 revenue, which can support bullish sentiment. Is Domino’s Pizza (DPZ) Undervalued After Stronger Than Expected Q2 Revenue?
• Neutral Sentiment: A piece on Domino’s trading at a premium to cash flow but a discount to earnings suggests the stock may be fairly valued rather than clearly expensive or cheap. Dominos (DPZ) Stock May Trade At A Premium To Cash Flow But A Discount To Earnings
• Neutral Sentiment: A short-interest update noted zero reported shares and no meaningful days-to-cover reading, so it does not provide a clear new directional signal for the stock.
• Negative Sentiment: Oppenheimer issued a more cautious forecast for Domino’s Pizza, and BMO Capital trimmed its price target to $420, which could temper enthusiasm. Oppenheimer Issues Pessimistic Forecast for Domino’s Pizza (NASDAQ:DPZ) Stock Price BMO Capital Markets Lowers Domino’s Pizza (NASDAQ:DPZ) Price Target to $420.00

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,777,637.52. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 1,950 shares of company stock worth $611,451. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPZ. Berkshire Hathaway Inc grew its holdings in Domino’s Pizza by 12.3% during 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 buying an additional 368,055 shares in the last quarter. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $895,251,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares in the last quarter. State Street Corp increased its holdings in shares of Domino’s Pizza by 3.8% in the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after buying an additional 49,613 shares during the period. Finally, Geode Capital Management LLC grew its position in Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after acquiring an additional 19,019 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.