Domino’s Pizza (DPZ) PT Raised to $305.00

Domino’s Pizza (NYSE:DPZ) had its price target lifted by Morgan Stanley from $283.00 to $305.00 in a research report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

A number of other equities analysts also recently issued reports on the company. BTIG Research increased their price target on Domino’s Pizza to $335.00 and gave the stock a buy rating in a research report on Friday, January 18th. Cowen assumed coverage on Domino’s Pizza in a research report on Friday, January 11th. They set an outperform rating and a $290.00 price target on the stock. UBS Group set a $285.00 price target on Domino’s Pizza and gave the stock a hold rating in a research report on Sunday, January 20th. Wells Fargo & Co dropped their price target on Domino’s Pizza from $263.00 to $250.00 and set a market perform rating on the stock in a research report on Friday, February 22nd. They noted that the move was a valuation call. Finally, Maxim Group reissued a buy rating and set a $305.00 price target (down previously from $310.00) on shares of Domino’s Pizza in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $296.32.

Shares of Domino’s Pizza stock opened at $273.43 on Thursday. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Domino’s Pizza has a 52 week low of $231.28 and a 52 week high of $305.34.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. The company had revenue of $835.96 million for the quarter, compared to the consensus estimate of $852.59 million. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. On average, equities research analysts expect that Domino’s Pizza will post 9.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 30.88%.

In other Domino’s Pizza news, CFO Jeffrey D. Lawrence sold 4,000 shares of the stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $255.00, for a total value of $1,020,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,494 shares in the company, valued at $890,970. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James A. Goldman sold 1,190 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $247.24, for a total value of $294,215.60. Following the completion of the sale, the director now owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DPZ. Oppenheimer Asset Management Inc. increased its holdings in shares of Domino’s Pizza by 1.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,168 shares of the restaurant operator’s stock valued at $786,000 after purchasing an additional 48 shares during the period. Brasada Capital Management LP grew its stake in Domino’s Pizza by 5.0% in the fourth quarter. Brasada Capital Management LP now owns 1,618 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 77 shares in the last quarter. Ffcm LLC grew its stake in Domino’s Pizza by 91.1% in the fourth quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 82 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Domino’s Pizza by 10.1% in the third quarter. Great Lakes Advisors LLC now owns 929 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC lifted its holdings in Domino’s Pizza by 613.3% in the fourth quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 94.36% of the company’s stock.

About Domino’s Pizza

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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