Domino’s Pizza, Inc. (NYSE:DPZ) Receives $512.04 Consensus Price Target from Analysts

Domino’s Pizza, Inc. (NYSE:DPZ) has earned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $507.93.

Several research firms have commented on DPZ. Royal Bank of Canada lowered their price objective on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird decreased their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Oppenheimer cut their price objective on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Wedbush restated an “outperform” rating and set a $575.00 target price on shares of Domino’s Pizza in a research report on Monday, July 15th.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC acquired a new position in shares of Domino’s Pizza in the first quarter valued at approximately $36,000. Versant Capital Management Inc increased its stake in Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares during the period. Quadrant Capital Group LLC increased its stake in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares during the period. Finally, ORG Partners LLC acquired a new stake in Domino’s Pizza during the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $414.42 on Monday. The company’s fifty day moving average price is $425.01 and its 200-day moving average price is $472.71. Domino’s Pizza has a 1-year low of $330.05 and a 1-year high of $542.75. The firm has a market capitalization of $14.45 billion, a P/E ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $3.08 EPS. Equities analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

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.