Domino’s Pizza (NYSE:DPZ) Sets New 1-Year High at $480.94

Domino’s Pizza, Inc. (NYSE:DPZ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $480.94 and last traded at $480.70, with a volume of 224289 shares. The stock had previously closed at $465.11.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DPZ shares. Morgan Stanley lifted their price objective on Domino’s Pizza from $465.00 to $485.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. UBS Group boosted their price target on Domino’s Pizza from $480.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Piper Sandler boosted their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Evercore ISI boosted their price target on Domino’s Pizza from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, December 8th. Finally, Citigroup boosted their price target on Domino’s Pizza from $396.00 to $424.00 and gave the company a “neutral” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $441.79.

Domino’s Pizza Stock Performance

The stock’s fifty day moving average is $437.67 and its 200 day moving average is $401.50. The stock has a market cap of $17.14 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.44 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.43 earnings per share. Equities research analysts predict that Domino’s Pizza, Inc. will post 15.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s payout ratio is presently 41.17%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by corporate 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 DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Domino’s Pizza by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock valued at $1,982,000 after buying an additional 302 shares during the last quarter. Cibc World Market Inc. raised its holdings in Domino’s Pizza by 15.3% during the first quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock worth $2,565,000 after purchasing an additional 838 shares in the last quarter. Sei Investments Co. raised its holdings in Domino’s Pizza by 2.3% during the first quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock worth $6,034,000 after purchasing an additional 339 shares in the last quarter. Aviva PLC raised its holdings in Domino’s Pizza by 35.3% during the first quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock worth $7,033,000 after purchasing an additional 4,505 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Domino’s Pizza by 1,387.6% during the first quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock worth $733,000 after purchasing an additional 1,679 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

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.