Analysts Set Domino’s Pizza, Inc. (NYSE:DPZ) Price Target at $289.82

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Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have been assigned a consensus rating of “Buy” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $291.38.

Several research firms have commented on DPZ. Cowen reiterated an “outperform” rating and issued a $295.00 target price (up from $260.00) on shares of Domino’s Pizza in a research report on Wednesday, October 9th. Citigroup lowered their price objective on Domino’s Pizza from $286.00 to $285.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Oppenheimer raised their price objective on Domino’s Pizza from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on Domino’s Pizza from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Longbow Research set a $320.00 price objective on Domino’s Pizza and gave the stock a “buy” rating in a research report on Monday, August 26th.

Domino’s Pizza stock traded down $0.30 during trading hours on Monday, hitting $286.57. The stock had a trading volume of 474,591 shares, compared to its average volume of 843,958. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.12 and a beta of 0.49. Domino’s Pizza has a one year low of $220.90 and a one year high of $302.05. The business’s 50 day simple moving average is $277.41 and its 200-day simple moving average is $262.69.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). The firm had revenue of $820.81 million during the quarter, compared to the consensus estimate of $827.23 million. Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. Domino’s Pizza’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 earnings per share. As a group, analysts anticipate that Domino’s Pizza will post 9.39 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, December 12th. Domino’s Pizza’s payout ratio is currently 30.88%.

In other news, Director James A. Goldman sold 2,486 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $279.98, for a total value of $696,030.28. Following the completion of the transaction, the director now directly owns 5,209 shares in the company, valued at approximately $1,458,415.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Prime Capital Investment Advisors LLC purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth about $27,000. Doyle Wealth Management purchased a new position in shares of Domino’s Pizza during the second quarter valued at about $30,000. Private Ocean LLC purchased a new position in shares of Domino’s Pizza during the third quarter valued at about $30,000. NEXT Financial Group Inc grew its position in shares of Domino’s Pizza by 85.7% during the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Domino’s Pizza by 791.4% during the second quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Analyst Recommendations for Domino`s Pizza (NYSE:DPZ)

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