Citigroup Increases Domino’s Pizza (DPZ) Price Target to $298.00

Domino’s Pizza (NYSE:DPZ) had its target price hoisted by Citigroup from $281.00 to $298.00 in a research report released on Wednesday morning. They currently have a neutral rating on the restaurant operator’s stock.

A number of other research firms also recently issued reports on DPZ. Argus lifted their price objective on shares of Domino’s Pizza from $280.00 to $320.00 and gave the stock a buy rating in a report on Friday, June 22nd. They noted that the move was a valuation call. TheStreet raised shares of Domino’s Pizza from a c+ rating to a b rating in a report on Friday, June 15th. Guggenheim lifted their price objective on shares of Domino’s Pizza from $280.00 to $305.00 and gave the stock a buy rating in a report on Tuesday, June 19th. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $260.00 to $270.00 and gave the stock an equal weight rating in a report on Monday, July 16th. Finally, Zacks Investment Research downgraded shares of Domino’s Pizza from a buy rating to a hold rating in a report on Wednesday, July 4th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of Buy and a consensus price target of $268.48.

Domino’s Pizza traded down $0.14, reaching $291.31, during mid-day trading on Wednesday, according to MarketBeat. 455,286 shares of the stock were exchanged, compared to its average volume of 737,728. The company has a debt-to-equity ratio of -1.17, a current ratio of 1.81 and a quick ratio of 1.70. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 54.55, a P/E/G ratio of 1.83 and a beta of 0.24. Domino’s Pizza has a 1 year low of $166.74 and a 1 year high of $295.24.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.10. The firm had revenue of $779.40 million for the quarter, compared to the consensus estimate of $786.88 million. Domino’s Pizza had a net margin of 10.19% and a negative return on equity of 11.29%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. equities analysts anticipate that Domino’s Pizza will post 8.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, September 13th. Domino’s Pizza’s payout ratio is 41.20%.

In other news, insider J Patrick Doyle sold 20,842 shares of Domino’s Pizza stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $264.42, for a total transaction of $5,511,041.64. Following the sale, the insider now directly owns 24,670 shares in the company, valued at approximately $6,523,241.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.97% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DPZ. Mckinley Capital Management LLC Delaware raised its stake in Domino’s Pizza by 66.7% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 697 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 279 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $172,000. Commerce Bank bought a new stake in Domino’s Pizza in the 1st quarter valued at about $205,000. Foundry Partners LLC bought a new stake in Domino’s Pizza in the 1st quarter valued at about $210,000. Finally, Roosevelt Investment Group Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 99.47% 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 through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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

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