Domino’s Pizza, Inc. (NYSE:DPZ) Receives $298.82 Average PT from Analysts

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) have earned a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $297.78.

A number of brokerages have recently weighed in on DPZ. Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. JPMorgan Chase & Co. restated a “hold” rating on shares of Altagas in a research report on Tuesday, March 19th. Wells Fargo & Co restated a “buy” rating and set a $85.00 target price on shares of Carvana in a research report on Monday, July 1st. OTR Global lowered shares of Domino’s Pizza to a “positive” rating and set a $280.00 price target on the stock. in a report on Wednesday. Finally, Citigroup set a $86.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Thursday, June 6th.

In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total value of $2,791,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co increased its stake in Domino’s Pizza by 451.0% during the 2nd quarter. CENTRAL TRUST Co now owns 551 shares of the restaurant operator’s stock worth $153,000 after buying an additional 451 shares during the period. Sheets Smith Wealth Management increased its stake in Domino’s Pizza by 66.7% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,324 shares of the restaurant operator’s stock worth $647,000 after buying an additional 930 shares during the period. Xact Kapitalforvaltning AB increased its stake in Domino’s Pizza by 6.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 10,576 shares of the restaurant operator’s stock worth $2,943,000 after buying an additional 636 shares during the period. Verde Servicos Internacionais S.A. purchased a new stake in Domino’s Pizza during the 2nd quarter worth $3,862,000. Finally, Cleararc Capital Inc. purchased a new stake in Domino’s Pizza during the 1st quarter worth $272,000. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DPZ traded up $4.47 during mid-day trading on Friday, reaching $282.11. 571,100 shares of the company’s stock were exchanged, compared to its average volume of 766,670. The stock’s 50-day simple moving average is $280.38. Domino’s Pizza has a 52-week low of $231.28 and a 52-week high of $305.34. The company has a market cap of $11.48 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.48.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The business had revenue of $835.96 million during the quarter, compared to analysts’ expectations of $852.59 million. During the same period last year, the company posted $2.00 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza will post 9.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, June 13th. Domino’s Pizza’s dividend payout ratio is presently 30.88%.

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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