Domino’s Pizza, Inc. (NYSE:DPZ) Receives $489.55 Average Target Price from Analysts

Domino’s Pizza, Inc. (NYSE:DPZ) has received an average rating of “Moderate Buy” from the thirty analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, twenty have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $494.38.

DPZ has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Barclays cut their target price on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Evercore ISI reduced their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Finally, Wells Fargo & Company dropped their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th.

Insider Buying and Selling at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Domino’s Pizza by 50.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,879 shares of the restaurant operator’s stock valued at $13,356,000 after purchasing an additional 9,072 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in Domino’s Pizza in the first quarter worth $313,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Domino’s Pizza by 13.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,056 shares of the restaurant operator’s stock valued at $525,000 after purchasing an additional 122 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Domino’s Pizza by 83.3% during the first quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock worth $836,000 after purchasing an additional 765 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Domino’s Pizza by 124.0% in the 1st quarter. Larson Financial Group LLC now owns 634 shares of the restaurant operator’s stock worth $315,000 after buying an additional 351 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Trading Down 2.8 %

Shares of NYSE DPZ opened at $446.87 on Tuesday. The company has a 50-day moving average of $421.23 and a 200 day moving average of $459.91. Domino’s Pizza has a 12-month low of $367.24 and a 12-month high of $542.75. The stock has a market cap of $15.43 billion, a PE ratio of 27.45, a P/E/G ratio of 2.47 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.35%. Domino’s Pizza’s payout ratio is 37.10%.

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.