Domino’s Pizza, Inc. (NYSE:DPZ) Receives $495.76 Average Price Target from Brokerages

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have received a consensus rating of “Moderate Buy” from the thirty ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $495.76.

A number of brokerages recently commented on DPZ. Royal Bank of Canada lowered their price objective on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Barclays lowered their price target on shares of 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. Jefferies Financial Group cut their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company cut their target price 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. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in Domino’s Pizza by 42.8% in the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock valued at $11,571,000 after acquiring an additional 8,103 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Domino’s Pizza by 737.1% in the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after purchasing an additional 50,579 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Domino’s Pizza by 26.3% during the third quarter. Sanctuary Advisors LLC now owns 3,936 shares of the restaurant operator’s stock worth $1,785,000 after purchasing an additional 819 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in Domino’s Pizza by 11.5% in the third quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator’s stock worth $1,227,000 after purchasing an additional 295 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new stake in Domino’s Pizza in the third quarter valued at about $241,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $466.18 on Friday. Domino’s Pizza has a 1-year low of $390.48 and a 1-year high of $542.75. The company has a market cap of $16.10 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The stock’s 50 day moving average price is $433.11 and its 200 day moving average price is $453.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate 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 business 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 earned $4.18 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 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.