Brokerages Set Domino’s Pizza, Inc. (NYSE:DPZ) PT at $495.76

Domino’s Pizza, Inc. (NYSE:DPZ) has received an average rating of “Moderate Buy” from the thirty brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $495.76.

A number of research firms recently weighed in on DPZ. TD Cowen increased their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the company from $419.00 to $559.00 in a report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Piper Sandler reduced their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ opened at $429.62 on Wednesday. Domino’s Pizza has a 1 year low of $395.08 and a 1 year high of $542.75. The firm has a market capitalization of $14.84 billion, a PE ratio of 26.39, a P/E/G ratio of 2.47 and a beta of 0.88. The business’s 50 day moving average price is $442.28 and its 200-day moving average price is $445.28.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.18 EPS. As a group, analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Insider Activity at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently added to or reduced their stakes in DPZ. Allspring Global Investments Holdings LLC increased its stake in Domino’s Pizza by 21.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,622 shares of the restaurant operator’s stock valued at $16,844,000 after buying an additional 5,743 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 11.4% in the second quarter. Atomi Financial Group Inc. now owns 637 shares of the restaurant operator’s stock valued at $329,000 after acquiring an additional 65 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Domino’s Pizza by 2.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,901 shares of the restaurant operator’s stock valued at $1,498,000 after acquiring an additional 69 shares during the period. HB Wealth Management LLC raised its holdings in Domino’s Pizza by 7.8% during the second quarter. HB Wealth Management LLC now owns 742 shares of the restaurant operator’s stock worth $384,000 after purchasing an additional 54 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Domino’s Pizza by 4.7% in the second quarter. Whittier Trust Co. now owns 17,176 shares of the restaurant operator’s stock worth $8,868,000 after purchasing an additional 776 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.