Analysts Set Domino’s Pizza Inc (NASDAQ:DPZ) Price Target at $402.16

Shares of Domino’s Pizza Inc (NASDAQ:DPZ) have been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $402.1613.

Several equities analysts recently commented on DPZ shares. Oppenheimer dropped their price objective on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. TD Cowen boosted their target price on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Barclays dropped their price target on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a research report on Monday, April 27th. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd.

Domino’s Pizza Stock Up 2.7%

Shares of Domino’s Pizza stock opened at $360.00 on Thursday. Domino’s Pizza has a 52 week low of $282.00 and a 52 week high of $477.00. The business has a 50 day moving average price of $313.14 and a 200-day moving average price of $353.91. The company has a market cap of $11.91 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion during 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 quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. As a group, research analysts anticipate that Domino’s Pizza will post 18.9 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.2%. Domino’s Pizza’s payout ratio is 45.15%.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,742 shares of company stock worth $8,041,746. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently made changes to their positions in DPZ. Investors Research Corp grew 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. Tema ETFs LLC lifted its holdings in Domino’s Pizza by 229.4% in the 2nd quarter. Tema ETFs LLC now owns 593 shares of the restaurant operator’s stock worth $176,000 after buying an additional 413 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Domino’s Pizza by 5.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock worth $287,000 after buying an additional 50 shares during the period. Invariant Investment Management grew its position in shares of Domino’s Pizza by 59.8% in the 2nd quarter. Invariant Investment Management now owns 3,008 shares of the restaurant operator’s stock worth $920,000 after buying an additional 1,126 shares during the last quarter. Finally, Czech National Bank grew its position in shares of Domino’s Pizza by 2.9% in the 2nd quarter. Czech National Bank now owns 8,710 shares of the restaurant operator’s stock worth $2,579,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.