Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $397.42

Domino’s Pizza Inc (NASDAQ:DPZ) has earned an average rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $397.4194.

Several equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Gordon Haskett cut their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Citigroup dropped their price target on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $341.85 on Monday. Domino’s Pizza has a one year low of $282.00 and a one year high of $469.00. The stock’s 50-day moving average is $325.62 and its 200 day moving average is $347.13. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.Domino’s Pizza’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 earnings per share. On average, sell-side analysts expect that Domino’s Pizza will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. Domino’s Pizza’s payout ratio is currently 45.15%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,254 shares of company stock worth $7,888,924 over the last ninety days. 0.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SHP Wealth Management acquired a new position in Domino’s Pizza during the 4th quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in Domino’s Pizza during the 2nd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the last quarter. Investors Research Corp raised its stake in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at approximately $31,000. Institutional investors and hedge funds 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.